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Homework answers / question archive / Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his friends, Paxton and Daiki
Kyle is planning on starting a kite surfing business as a limited liability company (LLC) with his friends, Paxton and Daiki. Paxton runs a corporation that makes sails and wants to make his investment in the name of his company, Quick Sails Inc. Daiki, a French citizen living in Tahiti, wants to invest under his personal name. Which of the following statements is true?
| a. |
Only Paxton can invest, not Daiki.
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| b. |
Only Daiki can invest, not Paxton.
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| c. |
Both Paxton and Daiki can invest.
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| d. |
Neither Paxton nor Daiki can invest. |
