With Regard to Limited-Liability Companies, Which of the Following Statements

Multiple Choice

With regard to limited-liability companies, which of the following statements is false?

A) Many experts believe that an LLC is nothing more than an S-corporation.
B) An LLC can have no more than 100 stockholders.
C) An LLC avoids double taxation.
D) An LLC provides limited-liability protection to the personal assets of the owners.
E) When compared to regular corporations, there are fewer government regulations that apply to LLCs.