Lee and Jan Are Debating Whether to Use an LLC

question 13

True/False

Lee and Jan are debating whether to use an LLC or corporate form for a new business.Major advantages of an LLC over a corporation include the tax status of an LLC,the fact that an LLC is easier and less expensive to set up than a corporation,and the fact that venture capitalists generally prefer to invest in LLCs over corporations.

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Definitions:

Ants

Social insects known for their structured colony life, ability to work together, and comprising thousands of species that inhabit almost every landmass on Earth.

Most Recent Common Ancestor

The immediate forebear from whom every organism within a group directly originates.

Eukaryotes

Organisms whose cells have a nucleus enclosed within membranes, unlike prokaryotes (Bacteria and Archaea).

Negative Frequency-Dependent Selection

An evolutionary process where rare phenotypes have a selective advantage over more common ones, maintaining genetic diversity in a population.