1. Under Wisconsin Law, a Limited Liability Company is created by filing: ______

2. An Illinois corporation is classified as ____, under Wisconsin law and must file a ______, in Wisconsin once it begins doing business here.

3. Insider trading by a corporate officer always constitutes a breach of the duty of loyalty to shareholders.

A. True

B. False

4. If a board of directors makes a risky decision to acquire a smaller corporation after a positive endorsement from its general counsel and CFO, but the deal loses money for the business, the directors will be liable for a breach of the duty of care.

A. True

B. False