Multiple Choice
Which of the following statements is TRUE for a limited liability company?
A) Members have unlimited liability for the debts of the business.
B) Members have limited liability for the debts of the business.
C) Only the limited partners have limited liability for the debts of the business.
D) The general partner has unlimited liability for the debts of the business.
Correct Answer:
Verified
Correct Answer:
Verified
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