Multiple Choice
Identify a true statement about a limited liability company (LLC) .
A) A limited liability company (LLC) has a maximum of 100 stockholders.
B) A limited liability company (LLC) offers the limited personal liability associated with a corporation.
C) A limited liability company (LLC) has only one type of stock (membership interest) .
D) A limited liability company (LLC) is taxed as a partnership and the stockholders are subject to double taxation.
E) A limited liability company (LLC) is liable for the negligence, irresponsibility, or similar acts committed by any partner.
Correct Answer:
Verified
Correct Answer:
Verified
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