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) even though it is a little more expensive to form, it has a longer life than the C corporation.
B) a limited liability company permits one owner to own all the stock of the company, whereas a C corporation requires several owners.
C) once formed, the limited liability company is a legal form of business ownership, worldwide, whereas the C corporation must file for corporate status in each nation it elects to do business.
D) once formed, the limited liability company does not require the firm to hold annual meetings, and has the option to avoid double taxation.