Chapter 4

Question 1

All property of either husband or wife acquired prior to marriage shall remain

Answer 1

Sole and separate

Question 2

The formation of a limited liability company is filed with

Answer 2

Secretary of State

Question 3

Failure of an LLC to file an annual report can result in

Answer 3

Administrative dissolution

Question 4

Unless stated otherwise, any income or profits from all property after marriage, separate or community will be treated as

Answer 4

Community property

Question 5

When is the annual report by a limited liability company to be filed?

Answer 5

Before the end of the month, the company was organized

Question 6

Prior to permanently removing a manufactured home off of real property intent to remove must be given to

Answer 6

County assessor

Question 7

Community property with rights of survivorship will

Answer 7

Avoid probate

Question 8

Unless declared as a real property manufactured home ownership will be transferred with

Answer 8

Certificate of title

Question 9

If an LLC is dissolved in an application for reinstatement may be possible if filed within what period of being dissolved

Answer 9

10 years

Question 10

A partnership of ‘ABC partners’ constitutes what type of ownership

Answer 10

Sole ownership