Which of the following are characteristics of a limited liability company?

$\begin{array}{llcc}
& &\text {Liability} &\text { Life} \\end{array}$
A) $\begin{array}{llcc}&\text { Limited }& \text {Limited} \\end{array}$
B)$\begin{array}{llcc} &\text { Limited }& \text {Perpetual} \\end{array}$
C) $\begin{array}{llcc}& \text {Unlimited }& \text {Limited} \\end{array}$
D) $\begin{array}{llcc}&\text { Unlimited }& \text {Perpetual}
\end{array}$

Question

Which of the following are characteristics of a limited liability company?

$\begin{array}{llcc} 
& &\text {Liability} &\text { Life} \\end{array}$
A) $\begin{array}{llcc}&\text { Limited }& \text {Limited} \\end{array}$
B)$\begin{array}{llcc} &\text { Limited }& \text {Perpetual} \\end{array}$
C) $\begin{array}{llcc}& \text {Unlimited }& \text {Limited} \\end{array}$
D) $\begin{array}{llcc}&\text { Unlimited }& \text {Perpetual}
\end{array}$

Quizplus · Accepted Answer

Limited liability companies (LLCs) have limited liability for their owners, meaning the owners are not personally responsible for the company's debts and liabilities. Additionally, LLCs can have a perpetual life, meaning they can exist indefinitely beyond the life of their owners.

Which of the Following Are Characteristics of a Limited Liability Liability Life\begin{array}{llcc} & &\text {Liability} &\text { Life} \\\end{array}​​Liability​ Life​

Which of the Following Are Characteristics of a Limited Liability $\begin{array}{llcc} & &\text {Liability} &\text { Life} \\\end{array}$