Cronker Company, LLC, is a wholesale distributor of industrial packaging. A primary advantage that Cronker enjoys as an LLC that corporations do not have is
A. ease of formation.
B. limited liability.
C. avoiding double taxation.
D. one class of outstanding stock.
E. income taxes.
Answer: C
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A recent survey found that 79 percent of Internet and e-commerce companies take absolutely no social responsibility. Even more worrying is the finding that 75 percent of these Internet companies justify this omission on the grounds that they don't have any environmental or social impacts, while 55 percent said they didn't have time to think about these issues, and 50 percent said they didn't have the expertise to address them. Would these Internet-based companies benefit from acting more socially responsible? Explain your answer.
What will be an ideal response?
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Indicate whether the statement is true or false
A member's distributional interest in an LLC is ________ and may be transferred in whole or in part.
A. a vote B. a proxy C. personal property D. an authority in management