True/False
As in a limited partnership, owners of a limited liability company who want to maintain their limited liability status cannot actively participate in the management of the company.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: The limited liability company, like an S
Q12: The corporation has the advantage of transferable
Q17: Which of the following issues would a
Q20: The sole proprietorship is the form of
Q23: All the profits of a sole proprietorship
Q27: A limited partner is treated as an
Q28: The most critical disadvantage of the sole
Q41: Which of the following would be most
Q53: When filing the corporate charter, a corporation
Q79: Outline the incorporation process.