Which of the Following Is an Advantage of Limited Liability

question 27

Multiple Choice

Which of the following is an advantage of limited liability companies (LLCs) ?

• A) They can have any number of owners.
• B) The process of formation of an LLC is simple and fast.
• C) They are exempted from paying annual franchise tax.
• D) They do not need to register as foreign companies when doing business in other states.

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Definitions:

Intense Moods

Strong emotional states that can significantly impact a person's reasoning, behavior, and well-being, often beyond typical emotional experiences.

Settling Point

A theory in weight regulation that suggests body weight is regulated at a predetermined, or 'settled,' point by a feedback control mechanism.

Set Point

A theory suggesting that individuals have a natural, genetically determined weight or temperature that the body regulates to maintain.

Psychological Factors

Elements or aspects of a person's mental and emotional state that influence their behavior and well-being.