The Advantages of Forming a Limited Liability Company Include

question 24

Multiple Choice

The advantages of forming a limited liability company include

• A)Double taxation
• B)The ability to raise capital on a national securities exchange
• C)Limited liability for members
• D)All of the above

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Definitions:

Percentage

A portion, share, or rate expressed as a fraction of 100.

Good Cause

A legitimate, justifiable reason for taking a particular action, often used in legal and employment contexts.

Franchise Agreement

A legal document outlining the rights and responsibilities of the franchisor and franchisee, including terms of payment, support, and operation.

Terminate the Contract

The act of legally ending an agreement or contract before its predetermined end date.