A Disadvantage of a Limited Liability Company Is That It

question 71

Multiple Choice

A disadvantage of a limited liability company is that it ________.

• A)requires earnings to be taxed at the corporate rate
• B)must dissolve when an owner leaves the company
• C)requires the division of profits in a fixed proportion
• D)has more restrictive ownership rules than S corporations

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Definitions:

Remote Assistance

A feature or service that allows a user to get help from another user over a network, often used for troubleshooting.

HomeGroup

A feature in Windows that allows PCs on a home network to easily share files and printers.

Communications Channels

Communications channels refer to the various methods or pathways through which information is transmitted from sender to receiver, including digital, verbal, and written mediums.

Cellular Radio

A wireless communication technology that uses radio waves to provide mobile telephony and data services.