Compared to the C Corporation, the Limited Liability Company Is

question 212

Multiple Choice

Compared to the C corporation, the limited liability company is an attractive form of business ownership because

• A) even though it is a little more expensive to form, it has a longer life than the C corporation.
• B) a limited liability company permits one owner to own all the stock of the company, whereas a C corporation requires several owners.
• C) once formed, the limited liability company is a legal form of business ownership, worldwide, whereas the C corporation must file for corporate status in each nation it elects to do business.
• D) once formed, the limited liability company does not require the firm to hold annual meetings, and has the option to avoid double taxation.

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Definitions:

Polygenic

Resulting from many genes.

Monogenic

Describes a trait or condition determined by a single gene, often contrasting with polygenic traits which are influenced by multiple genes.

Simple Sugar

Basic forms of carbohydrates that can be quickly absorbed and utilized by the body for energy.

Phosphate

Phosphate is a chemical compound containing phosphorus and oxygen, vital for many biological processes, including energy transfer and bone formation.