How Does a Limited Liability Company (LLC) Differ from a Subchapter

question 18

Multiple Choice

How does a limited liability company (LLC) differ from a Subchapter S corporation?

• A)An LLC is taxed at a higher rate than a Subchapter S corporation.
• B)There is no limit on the number of members in an LLC, whereas a Subchapter S corporation limits the number of members to 35.
• C)An LLC is taxed as a corporation, whereas a Subchapter S corporation is taxed as a partnership.
• D)The liability limit for members of an LLC is higher than that for a Subchapter S corporation.

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Definitions:

Personality Disorder

A type of mental disorder marked by rigid and unhealthy patterns of thinking, functioning, and behaving.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and a tendency toward negative emotional states.

Extraversion

a personality trait that involves being outgoing, energetic, and sociable, and deriving energy from interactions with others.

Conscientiousness

A dimension of personality that involves being disciplined, organized, and responsible for one's actions.