Limited Liability Companies Are Primarily Designed To

Multiple Choice

Limited liability companies are primarily designed to:

A) allow a portion of their owners to enjoy limited liability while granting the other portion of their owners control over the entity.
B) provide the benefits of the corporate structure to foreign-based entities.
C) spin off a wholly owned subsidiary.
D) allow companies to reorganize themselves through the bankruptcy process.
E) provide limited liability while avoiding double taxation.