Multiple Choice
Identify a true statement about a limited liability company (LLC) .
A) A limited liability company can be taxed as a corporation only.
B) One of the owners of a limited liability company must be designated as a general partner with unlimited personal financial liability.
C) A limited liability company can have no more than 100 stockholders.
D) Only one of the owners of a limited liability company can participate in the management of the business.
E) A limited liability company can have more than one type of stock (ownership interest) outstanding.
Correct Answer:
Verified
Correct Answer:
Verified
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