Multiple Choice
Walters Company, LLC, is a wholesale distributor of industrial packaging. A primary advantage that Walters enjoys as an LLC that corporations do not have is
A) ease of formation.
B) limited liability.
C) avoiding double taxation.
D) one class of outstanding stock.
E) income taxes.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: If Avon and Merck joined together to
Q33: Mars, Inc., maker of M&Ms and other
Q34: When a business incorporates, it receives articles
Q35: Keisha Cook and Donnie Blackman decide to
Q36: The purchase of one corporation by another
Q38: Your friend Steve owns a considerable amount
Q39: Common stockholders have the right to elect
Q40: An association of individuals or firms formed
Q41: A common tactic of corporate raiders is
Q42: Prudential and several other large insurance companies