Which of the following is an advantage of a limited liability company compared to a partnership?
A) Unlike a partnership, the members of a limited liability company cannot participate actively in
management of the business.
B) Unlike a partnership, the members of a limited liability company are not personally liable for the
business's debts.
C) Unlike a partnership, the members of a limited liability company are taxed at the business level and
are double-taxed.
D) Unlike a partnership, the members of a limited liability company do not need to file articles of
organization with the state.
B) Unlike a partnership, the members of a limited liability company are not personally liable for the
business's debts.
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Shane, a sales manager, remarked that typically, her employees sincerely and positively overstate their job performance and abilities. This is an example of the ____ effect.
A. overstatement B. motivated blindness C. holier-than-thou D. cheating E. fudging
The concerted action requirement of the Sherman Act Section 1:
a. may be established by an express agreement. b. is not met when a parent corporation and its wholly owned subsidiaries agree to a restraint in trade. c. requires factors, additional to conscious parallelism, such as identical sealed bids from each competitor. d. All of these
A basic idea forming the foundation of customer loyalty for small firms includes the notion that
A. superior customer service always leads to customer purchases. B. customer loyalty will mean constant customer satisfaction. C. small firms possess great potential for providing superior customer service. D. customer satisfaction is being ignored by large firms.
Nonintegrated air carriers do not supply door-to-door service
Indicate whether the statement is true or false