Which of the Following Is NOT True About a Limited

question 11

Multiple Choice

Which of the following is NOT true about a limited liability company?

• A) It is a noncorporate business organization.
• B) In most states, an LLC must have at least two members.
• C) It may elect not to be a separate taxable entity.
• D) An ownership interest may be considered a security.

---

Definitions:

Masturbation

The stimulation of one’s own genitals.

Least Prevalent

Refers to the lowest occurrence or frequency of a condition, behavior, or phenomenon within a specific population.

Gay Men

Gay men are male individuals who experience sexual or romantic attraction to other men.

Sexual Behaviors

Actions or practices related to the expression of sexuality or sexual activity.