Members of a Limited Liability Company Are Not Personally Responsible

question 9

True/False

Members of a limited liability company are not personally responsible for the debts or obligations of the limited liability company.

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Definitions:

Adjustment

involves the psychological process of adapting or coping with new, challenging, or changing environments and situations.

Volunteering

The act of freely offering to perform a service or undertake a task without expecting compensation in return.

Heredity

Heredity is the passing on of physical or mental characteristics genetically from one generation to another.

Nurture

The influence of the environment on personality, physical growth, intellectual growth, and social interactions.