In a Limited-Liability Company

question 103

Multiple Choice

In a limited-liability company:

• A)the members are personally liable to pay the entity's debts.
• B)tax on earnings is paid by the business.
• C)the members are liable for each other's actions.
• D)the members pay tax on their share of earnings.

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Definitions:

Skara Brae

A well-preserved Neolithic settlement located in the Orkney archipelago of Scotland, dating back to around 3180 BCE to 2500 BCE.

Neolithic Civilization

describes societies in the late Stone Age, marked by the development of agriculture, settled communities, and the creation of pottery and stone tools.

Fortressed Communities

Communities or settlements that are heavily fortified, often in the medieval period, to protect against invaders or attacks.

Corbeled Stone Architecture

A technique in stone architecture where stones are stacked atop one another, each extending slightly beyond the one below, to create structures without the use of mortar.