Which of the following is an advantage of limited liability companies (LLCs)?
A. They can have any number of owners.
B. The process of formation of an LLC is simple and fast.
C. They are exempted from paying annual franchise tax.
D. They do not need to register as foreign companies when doing business in other states.
Answer: A
You might also like to view...
The recording of audio or video files and distributing them online is called what?
A) Backchanneling B) Crowdsourcing C) Enterprise microblogging D) Podcasting E) Internal micromessaging
What is the commerce of information for ultimate gain?
Which of the following is not an ethical perspective that affects accounting-based decisions?
a Self-interest b Universal rules c Economic efficiency d Creative accounting
Why is public relations an important form of communication about a company? Discuss negative public relations, and give an example.
What will be an ideal response?