Members of a Limited-Liability Company (LLC)are Not Personally Liable for the Debts

question 112

True/False

Members of a limited-liability company (LLC)are not personally liable for the debts of the business.

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events like the Holocaust and the use of atomic bombs.

India

A South Asian country known for its diverse cultures, languages, religions, and historical significance, as well as being the world's largest democracy.

French Constitution

The fundamental law of France, setting forth the rights and obligations of citizens and delineating the structure of government and its operation within the French Republic.

Charles De Gaulle

A French general and statesman who led the Free French Forces during World War II and later became President of France, founding the Fifth Republic.