Compared to the C Corporation,the Limited Liability Company Is an Attractive

question 86

Multiple Choice

Compared to the C corporation,the limited liability company is an attractive form of business ownership because ________.

• A) a limited liability company may be more expensive to form but it has a longer life than a C corporation
• B) a limited liability company allows only one owner, whereas a C corporation requires over 100 owners
• C) a limited liability company provides owners with protection of their personal assets; whereas C corporation owner's personal assets are at risk
• D) a limited liability company does not require the firm to hold annual meetings and it can avoid double taxation
• E) a limited liability company issues stock, while in a C corporation each member's ownership is determined by the value of their capital account

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Definitions:

White Supremacist Groups

Organizations that believe in the superiority of the white race over other races and often advocate for segregation, racism, and at times, violent actions to maintain this perceived dominance.

Racial Homophily

The tendency of individuals to associate and bond with others of the same race, often resulting in social and network segregation.

Religious Life

Refers to the way in which individuals or communities practice and adhere to their religious beliefs and rituals.

Social Capital

The networks, relationships, and connections among individuals and communities that can be leveraged for social and economic benefits.