Multiple Choice
Identify a true statement about a limited liability company (LLC) .
A) A limited liability company (LLC) has a maximum of 100 stockholders (owners) .
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, which means 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
Q4: Which of the following statements is true?<br>A)The
Q5: Which of the following statements concerning a
Q6: No firm can take cost-increasing, socially responsible
Q7: The 11 sections (titles) in the Sarbanes-Oxley
Q8: All else equal, in which of the
Q10: Which of the following functions deals with
Q11: Which of the following is a reason
Q12: The success of financial institutions requires an
Q13: The finance function is relatively independent of
Q14: To properly maximize the value of the