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(b) If other than a corporation, state the form of organization and identify applicable law

(b) If other than a corporation, state the form of organization and identify applicable law 2025

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The document is an application for professional liability insurance coverage for investment companies, underwritten by Chubb Custom Insurance Company. It includes sections for general information about the applicant, requested coverages, details on past claims and legal proceedings, and specific inquiries regarding the investment company's operations and compliance. The application seeks to gather comprehensive information to assess risk and determine eligibility for coverage.

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What are the three most basic legal forms of organization?

3 Common Types of Legal Structure for Businesses Sole proprietorship. Partnership. Corporation.

What form of business organization is recognized by law?

The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.

What is the legal form of an organization?

The legal form refers to the form of ownership of the organization as it is viewed by the legal and taxation authorities; for example, sole proprietorship, partnership, or corporation.

What are the legal forms of corporate organization?

Corporation. A California corporation generally is a legal entity which exists separately from its owners. Limited Liability Company (LLC) Limited Partnership (LP) General Partnership (GP) Limited Liability Partnership (LLP) Sole Proprietorship.

Is LLC considered a corporation?

A corporation, sometimes called a C corp, is a legal entity thats separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.

What are the 4 legal forms of business?

The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute.

(b) If other than a corporation, state the form of organization and identify applicable law 2025

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