Which of the Following Statements Is TRUE for a Limited

question 89

Multiple Choice

Which of the following statements is TRUE for a limited liability company?

• A)Members have unlimited liability for the debts of the business.
• B)Members are not personally liable for the debts of the business.
• C)Only the limited partners have limited liability for the debts of the business.
• D)Members are not taxed like members of a partnership.

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Definitions:

Therapeutic Communication

A technique used by healthcare providers to support, inform, and empathize with patients, aiming to improve their health and well-being through verbal and nonverbal interaction.

Sullivan's Theory

A psychological theory developed by Harry Stack Sullivan that emphasizes the role of interpersonal relationships and social experiences in shaping personality.

Activities of Daily Living

Routine tasks that individuals do every day without needing assistance, such as eating, bathing, dressing, and mobility.

Independent

Free from outside control; not depending on another's authority or on specific factors.