Which of the Following Is an Advantage of a Limited

Multiple Choice

Which of the following is an advantage of a limited liability company compared to a partnership?

A) Unlike a partnership, the members of a limited liability company cannot participate actively in management of the business.
B) Unlike a partnership, the members of a limited liability company are not personally liable for the business's debts.
C) Unlike a partnership, the members of a limited liability company are taxed at the business level and are double-taxed.
D) Unlike a partnership, the members of a limited liability company do not need to file articles of organization with the state.