Compared to the C Corporation, the Limited Liability Company Is

Multiple Choice

Compared to the C corporation, the limited liability company is an attractive form of business ownership because ________.

A) a limited liability company may be more expensive to form but it has a longer life than a C corporation
B) a limited liability company allows only one owner, whereas a C corporation requires over 100 owners
C) a limited liability company provides owners with protection of their personal assets; whereas C corporation owner's personal assets are at risk
D) a limited liability company does not require the firm to hold annual meetings and it can avoid double taxation