Which of the Following Is an Advantage of Limited Liability

question 27

Multiple Choice

Which of the following is an advantage of limited liability companies (LLCs) ?

• A) They can have any number of owners.
• B) The process of formation of an LLC is simple and fast.
• C) They are exempted from paying annual franchise tax.
• D) They do not need to register as foreign companies when doing business in other states.

---

Definitions:

Critical Race Theory

An interdisciplinary approach used to investigate the intersections of race, class, ethnicity, gender, and sexuality to explain prejudice and discrimination.

Historical Racism

Describes the systematic discrimination and prejudice against certain racial groups, deeply embedded in the history of societies.

Hegemony

Domination through ideological control and consent.

Popular Culture

The set of practices, beliefs, and objects that are dominant or prevalent in a society at a given point in time, often disseminated through mass media.