Which of the Following Is a Difference Between Limited Liability

Multiple Choice

Which of the following is a difference between limited liability companies (LLCs) and corporations?

A) Corporations can have any number of owners, whereas LLCs can have only a limited number of owners.
B) Corporations are not required to hold board meetings, whereas LLCs must hold regular board meetings.
C) LLCs are subject to fewer reporting requirements than corporations.
D) LLCs offer less flexibility than corporations in terms of tax treatment.