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:

Termination

The end or conclusion of a process, activity, or condition.

Commitment (Self-liberation)

The process of making a firm personal decision to change, often referring to freeing oneself from bad habits or situations.

Behavior Change

A modification of human behavior, often achieved through systematic approaches or interventions aimed at improving health or wellbeing.

Transtheoretical Model

A model outlining stages of change for adopting health behaviors, ranging from precontemplation to maintenance.