One Disadvantage of a Limited Liability Company Is That It

question 169

Multiple Choice

One disadvantage of a limited liability company is that it

• A) requires all earnings of the business be taxed at the corporate rate.
• B) has a limited life span.
• C) requires the owners to divide up profits and losses in a fixed proportion.
• D) has a more restrictive ownership requirement than S corporations.

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Definitions:

Utopian Realism

An approach in social theory and practice that aims to envision and work toward realistic and achievable ideal societal conditions.

Radical Politics

Political philosophies and movements that advocate for fundamental systemic changes to the social, economic, or political order.

Juggernaut Of Modernity

A metaphor describing the unstoppable and transformative force of modernization and its impact on traditional societies and values.

Grand Theory

A broad, abstract, comprehensive conceptual framework used to theorize and interpret social phenomena, often encompassing multiple societies and long periods of historical time.