Which of the Following Is True of an LLC Formation

question 71

Multiple Choice

Which of the following is true of an LLC formation?

• A)Doctors and lawyers cannot operate practices as LLCs.
• B)An LLC has to be organized in every state that it operates.
• C)"LC" cannot be used to denote an LLC.
• D)An LLC is a creation of federal law.

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Definitions:

Sporting Event

A Sporting Event is any competitive physical activity or game that follows specific rules, often engaging participants and sometimes attracting spectators.

Social Group

A gathering of individuals who connect with each other, share resembling qualities, and jointly hold a feeling of unity or identity.

Gathering

An assembly or meeting of people coming together for a common purpose, often for discussion, celebration, or community activities.

Emergent Norm Theory

Suggests that norms emerge spontaneously in groups during situations where traditional routines or norms are unclear or absent.