An Example of Classification Would Be a Credit Card Company

question 11

True/False

An example of classification would be a credit card company flagging a transaction as being approved or potentially being fraudulent and denying payment.

Understand the basic formation requirements of a limited liability company (LLC).

Recognize the tax advantages of an LLC and how profits and losses can be passed through to members.

Identify the legal implications of operating agreements in LLCs.

Distinguish between the roles and liabilities of members and managers in LLCs.