Which of the Following Is Correct Concerning a Limited Liability

question 46

Multiple Choice

Which of the following is correct concerning a limited liability company?

• A)It has limited ability to buy,hold,and sell property.
• B)Typically,an LLC is a tax shelter for big corporations.
• C)It is mandatory to have an operating agreement.
• D)Members who manage an LLC are fiduciaries of the LLC.

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Definitions:

Tobacco Workers

Individuals employed in cultivating, harvesting, and processing tobacco leaves, often experiencing specific labor conditions and health risks associated with the industry.

Religious Liberty

The freedom to practice and observe one's religion without undue government interference.

Divinity of Jesus Christ

The belief in Christianity that Jesus Christ is not only a prophet or a teacher but also the Son of God and God himself, embodying divine nature.

Jews

Members of the Jewish people, an ethno-religious group originating from the Israelites or Hebrews of the ancient Near East.