Identify a True Statement About a Limited Liability Company (LLC)

question 27

Multiple Choice

Identify a true statement about a limited liability company (LLC) . 

• A)A limited liability company can be taxed as a corporation only.
• B)One of the owners of a limited liability company must be designated as a general partner with unlimited personal financial liability.
• C)A limited liability company can have no more than 100 stockholders.
• D)Only one of the owners of a limited liability company can participate in the management of the business.
• E)A limited liability company can have more than one type of stock (ownership interest) outstanding.

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Definitions:

Resonance Stabilization

The stabilization of molecular structures by delocalizing electrons within conjugated systems or between atoms that can host multiple structures.

Acid-Base Reaction

A chemical reaction that involves the transfer of protons (H+) from an acid to a base.

Increasing Acidity

Increasing acidity refers to the phenomenon where the hydrogen ion (H+) concentration increases, making a solution more acidic.

Conjugate Base

The species formed after an acid donates a proton, characterized by its ability to accept a proton.