What Is the Major Way in Which the Roles and Obligations

question 67

Multiple Choice

What is the major way in which the roles and obligations of the owners of a limited liability company differ from the roles and obligations of limited partners in a limited partnership?

• A) The owners of a limited liability company have personal obligation for debts incurred by the company.
• B) There is no separation between the company and its owners in a limited liability company.
• C) The owners of a limited liability company can withdraw from the company without the company being dissolved.
• D) The owners of a limited liability company can take an active role in running the company.

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Definitions:

Nucleic Acids

Biomolecules essential for life, including DNA and RNA, that carry genetic information and are involved in protein synthesis.

Amino Acids

Organic compounds that serve as the building blocks of proteins, containing both an amino group and a carboxyl group.

Three-Letter Sequences

In genetics, sequences of three nucleotides (triplets) in DNA or RNA that code for specific amino acids, the building blocks of proteins.

mRNA

Messenger RNA, a form of RNA responsible for transporting genetic instructions from DNA to the ribosome, the site of protein synthesis.