Which of the following is an advantage of a limited liability company compared to a corporation?
A) Unlike a corporation, the members of a limited liability company are personally liable for the business's
debts.
B) Unlike a corporation, the members of a limited liability company need not file articles of organization
with the state.
C) Unlike a corporation, the members of a limited liability company cannot participate actively in
management of the business.
D) Unlike a corporation, the members of a limited liability company are taxed at the individual level only.
D) Unlike a corporation, the members of a limited liability company are taxed at the individual level only.
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Which of the following is most likely to be a common defense to the tort of malicious prosecution?
A. Improper purpose B. Lack of capacity C. Inducing a breach of contract D. Probable cause
The lower the inventory turnover, the lower the days' inventory on hand
Indicate whether the statement is true or false
Marketers classify innovations into three categories based on their degree of newness. Explain these categories, identifying the role the consumer has in each
What will be an ideal response?
Systems analysis is the final phase in the creation or revision of an accounting system
Indicate whether the statement is true or false