Which of the Following Is Not an Advantage of a Limited

question 19

Multiple Choice

Which of the following is not an advantage of a limited liability company (LLC) ?

• A)limited liability for all members of a LLC
• B)ability to choose between taxation as a partnership or corporation
• C)default tax treatment as a corporation,unless otherwise elected
• D)All of the above are advantages of an LLC.

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Definitions:

Tight Labour Market

A job market characterized by few available workers relative to the number of jobs, often resulting in better employment terms for job seekers.

Executive Search Firms

Companies specialized in recruiting high-level executives for organizations, often focusing on senior, executive, or other highly specialized positions.

Nepotism

Favoritism shown to relatives or friends by those in power, often by providing employment or other benefits regardless of merit.