Multiple Choice
Which of the following is a similarity between a public corporation and a limited liability company?
A) Both have a limitation on the number of owners.
B) Both allow owners control over daily management decisions.
C) Both limit liability of owners to loss of capital contribution.
D) Both have their profits taxed as income to corporation and again as income to owners when distributed as dividends.
Correct Answer:

Verified
Correct Answer:
Verified
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