A Limited-Liability Company with at Least Two Members Is

question 20

Multiple Choice

A limited-liability company with at least two members is

• A) taxed like a corporation.
• B) taxed like a partnership.
• C) similar to a cooperative.
• D) always used to organize charitable organizations.
• E) the result of a horizontal merger.

---

Definitions:

Précis

A concise summary or abstract of a text or speech, capturing the main points in a brief, clear form.

Table of Contents

A list of the parts of a document or book organized in the order in which they appear.

Content Outline

A structured framework that highlights the main points and subpoints of information to be covered in a document or presentation.

Outline Item

An element within an outline, representing a single topic, subtopic, or point that is part of a structured document plan.