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:

Primary Reaction

The initial response or action taken immediately after being exposed to a stimulus, before any learning or adaptation has occurred.

James-Lange Theory

A theory of emotion proposing that emotions result from our interpretations of our bodily reactions to stimuli.

Determinants

Factors or elements that contribute to a specific outcome or condition; in health, these could include genetic, lifestyle, and environmental factors.

Physiological

Referring to the functions of living systems and organisms, including their physical and chemical processes.