Which of the Following Is a Characteristic of a Limited-Liability

question 190

Multiple Choice

Which of the following is a characteristic of a limited-liability company (LLC) ?

• A) An LLC's life is terminated at any member's choice or death.
• B) Each member of an LLC is liable only for his or her own actions.
• C) An LLC must have more than five members.
• D) The earnings of an LLC are subject to double taxation.

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Lesbian and Gay

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