In which of the following ways is a limited liability company like a corporation?

A) It was created and developed first in the United States.
B) It can choose to be considered a partnership for tax purposes.
C) Its owners' liability is restricted to their investment.
D) It is directly managed by the owners.


Answer: C

Business

You might also like to view...

The Employee Free Choice Act proposes settling first contracts using _______________________________ if the parties are unable to reach an agreement through negotiations.

Fill in the blank(s) with the appropriate word(s).

Business

The international market for bonds has grown at a slower rate as compared to the international stock markets.

Answer the following statement true (T) or false (F)

Business

LLCs are treated as artificial persons who can sue or be sued and enter into and enforce contracts.

Answer the following statement true (T) or false (F)

Business

Disadvantages of direct-mail advertising include its lack of selectivity, poor response rates, and negative image.

Answer the following statement true (T) or false (F)

Business