In a Limited-Liability Company (LLC),the Members Are Personally Liable for the Debts

question 227

True/False

In a limited-liability company (LLC),the members are personally liable for the debts of the business.

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Definitions:

HIV Infection

A virus that attacks the immune system, specifically the CD4 cells, leading to a gradual deterioration in immune function.

Dying Role

The social and psychological processes individuals experience as they approach the end of life.

Sick Role

A concept in medical sociology that describes the rights and obligations of a person who is duly recognized as being ill, including being exempt from social responsibilities and the expectation to seek treatment and cooperate in the process of recovery.

Loved One

A term referring to someone whom an individual has deep affection for, typically a family member or close friend.