Limited Liability Companies Are Primarily Designed To

Multiple Choice

Limited liability companies are primarily designed to:

A) allow a portion of its owners to enjoy limited liability while granting the other portion of its 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.