Which of the Following Is False Regarding Limited Liability Companies

question 24

Multiple Choice

Which of the following is false regarding limited liability companies?

• A)The limited liability company was first recognized in Wyoming.
• B)Limited liability companies have the limited liability of partnerships yet must be taxed like corporations.
• C)Limited liability companies must file a form with a state agency.
• D)The company name must include "Limited Liability Company" or an abbreviation of those words.
• E)Owners of a limited liability company are referred to as members.

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