Which of the following is true of a limited liability company (LLC) ?
A) It cannot sue or be sued in its own name.
B) Investors of an LLC are able to share in management.
C) Members are personally liable for the wrongful acts of other members.
D) It cannot have more than 100 members.
Correct Answer:
Verified
Q19: Which of the following run the risk
Q20: A limited partnership permits investors who do
Q21: The advantages of sole proprietorship and partnership
Q22: Which of the following is a taxable
Q23: When a general partner sells his or
Q25: "Piercing the corporate veil" implies that:
A) a
Q26: A turnkey operation can be best described
Q27: In the management of a limited liability
Q28: Publicly offered partnership interests are:
A) generally tax
Q29: A _ provides the greatest ease of
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