Multiple Choice
Owners of a limited liability company:
A) have unlimited liability for contracts entered into by the LLC.
B) can transfer their membership as a personal property interest.
C) cannot assume any management responsibilities.
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q31: A partnership by estoppel:<br>A)is the same as
Q32: Under Sarbanes-Oxley,the majority of members of the
Q33: Which of the following forms of business
Q34: The sole proprietor's personal assets are subject
Q35: The articles of incorporation must include the
Q37: Watered shares result:<br>A)when a purchaser does not
Q38: Subchapter S or S Corporation shareholders have
Q39: A limited liability partnership (LLP):<br>A)is a statutory
Q40: The sale of the goodwill of a
Q41: Limited partnership interests are generally not transferable.