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:

Successful

Achieving desired visions and planned goals through effective performance or operation.

Foul Shots

Attempted shots in basketball awarded following a foul, taken from the free-throw line without interference from other players.

Probability

The assessment of an event's occurrence likelihood, marked numerically between 0 and 1.

Basketball Player

An individual who participates in the sport of basketball.