An office manager in Cary is updating the policy manual on firm, office, BIC, and entity requirements. Which statement best applies under current North Carolina law?
Correct Answer
A) Only sole proprietorships fit the limited one-person exception; a one-person LLC or corporation still operates as an entity and does not get that exemption.
Only sole proprietorships fit the limited one-person exception; a one-person LLC or corporation still operates as an entity and does not get that exemption.
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