Which of the Following Statements Is TRUE for a Limited

question 18

Multiple Choice

Which of the following statements is TRUE for a limited liability company?

• A)Members have unlimited liability for the debts of the business.
• B)Members have limited liability for the debts of the business.
• C)Only the limited partners have limited liability for the debts of the business.
• D)The general partner has unlimited liability for the debts of the business.

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