Which of the Following Statements Is True of a Limited

question 82

Multiple Choice

Which of the following statements is true of a limited liability company (LLC) ?

• A) It offers less flexibility than a corporation in terms of tax treatment.
• B) It is by far the most common type of business organization in the United States.
• C) It is a relatively new form of business ownership in the United States.
• D) It is required to hold regular board meetings.

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Definitions:

Raising Money

The act of collecting or acquiring funds for a specific purpose, such as for a business venture, charitable cause, or project.

War Bonds

Securities issued by a government to finance military operations during times of war, encouraging citizens to lend money with the promise of repayment with interest.

Union Generals

Military leaders who commanded the Union armies during the American Civil War, fighting against the Confederate states.

North's Favor

A term that might refer to preferences, advantages, or policies that benefit the northern regions or entities, specifically in a historical or political context. NO