Which of the Following Is True About an LLC

Multiple Choice

Which of the following is true about an LLC?

A) To obtain limited liability, owners must give up some of their rights to participate in management.
B) The structure of management must adhere to statutory constraints.
C) Owners are referred to as partners.
D) Generally, each member may be allowed to participate in the management of the company
E) Members are not equally involved in the management of the company.