One Disadvantage of a Limited Liability Company Is That It

question 25

Multiple Choice

One disadvantage of a limited liability company is that it:

• A)Requires all earnings of the business be taxed at the corporate rate.
• B)Has a limited life span.
• C)Requires the owners to divide up profits and losses in a fixed proportion.
• D)Has a more restrictive ownership requirement than S corporations.

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Definitions:

Partner Gene

A term not commonly recognized in standard genetics; possibly refers to a gene that interacts with another to produce or influence traits. NO.

Alleles

Variants of a gene that occur at the same locus on homologous chromosomes, contributing to the diversity of an organism's traits.

Genotype

The genetic constitution of an individual organism.

Phenotype

The collection of visible attributes or qualities of a living being that emerge from the interplay between its genetic makeup and environmental factors.