Which of the Following Is Not an Advantage of a Limited

question 19

Multiple Choice

Which of the following is not an advantage of a limited liability company (LLC) ?

• A)limited liability for all members of a LLC
• B)ability to choose between taxation as a partnership or corporation
• C)default tax treatment as a corporation,unless otherwise elected
• D)All of the above are advantages of an LLC.

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Definitions:

Leadership Development

A systematic approach to expanding the performance capability of individuals in leadership roles within an organization.

Top Development Priority

Top Development Priority refers to the most critical area or aspect that requires focus and resources for improvement or advancement within a company or project.

Experiential Learning

A learning methodology where individuals learn by going through an experience first-hand, reflecting upon it, and using those insights for real-world application.

Job Rotations

A method in human resource management where employees are moved between various jobs at the same or similar levels to expose them to different experiences and develop a wider range of skills.