A Limited Liability Company Is a Relatively New Form of Unincorporated

question 59

True/False

A limited liability company is a relatively new form of unincorporated business association that blends the advantages of both general and limited partnerships, because all its members may have limited liability and all may participate in management and control without loss of limited liability.

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Definitions:

Equation

A pronouncement in mathematics asserting the equivalence of two expressions.

Factored Form

An expression represented as the product of its factors.

Constructed Figure

A geometric shape that is drawn or created using specific rules or tools.

Expression

A combination of symbols, numbers, and operations (such as addition and multiplication) that represents a mathematical concept.