Multiple Choice
Which of the following is a characteristic of a limited-liability company (LLC) ?
A) An LLC's life is terminated at any member's choice or death.
B) Each member of an LLC is liable only for his or her own actions.
C) An LLC must have more than five members.
D) The earnings of an LLC are subject to double taxation.
Correct Answer:
Verified
Correct Answer:
Verified
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