Multiple Choice
Limited liability companies (LLCs) differ from limited partnerships in that
A) Owners of the LLC are subject to double taxation.
B) Owners of the LLC have unlimited liability for the firm's debt.
C) Owners of the LLC are not liable for the firm's debt.
D) Owners of the LLC may not exceed 12 in number.
Correct Answer:
Verified
Correct Answer:
Verified
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