Which of the Following Statements Is False Regarding Limited Liability

question 82

Multiple Choice

Which of the following statements is false regarding limited liability companies?

• A) Members need not be citizens of the U.S.
• B) Limited liability companies have the limited liability of corporations yet may be taxed like partnerships.
• C) A limited liability company is formed by filing articles of organization in the state in which members want to establish their LLC.
• D) For purposes of jurisdiction, an LLC is considered a citizen of every state in which its members reside.
• E) Owners of an LLC are referred to as incorporators.

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