Which of the Following Is a Difference Between Limited Liability

question 22

Multiple Choice

Which of the following is a difference between limited liability companies (LLCs) and S corporations?

• A)LLCs are taxed as partnerships,whereas S corporations are taxed as corporations.
• B)LLCs are found only in the United States,whereas S corporations are present worldwide.
• C)LLCs are very simple to run,whereas S corporations are not.
• D)LLCs provide limited liability to owners,whereas S corporations do not.
• E)LLCs require the members to hold meetings,whereas S corporations do not.

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Definitions:

Orally

Via the mouth; it often refers to the method of taking medication, consuming food, or the transmission of stories and information by speech.

Container

An object used for holding, storing, or transporting items, varying in size, shape, and material.

Sublingually

The method of administering drugs by placing them under the tongue for absorption through the mucous membranes.

Under

Positioned beneath or below a certain point or level, often indicating lower position or rank.