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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Definitions:

Tropical Dry Forests

Ecosystems found in tropical regions characterized by a distinct dry season, supporting diverse plant and animal life adapted to arid conditions.

Marsupials

Marsupials are a group of mammals that typically carry and nurse their young in a pouch, such as kangaroos and koalas.

Australian Realm

A biogeographic zone that includes Australia and adjacent islands, characterized by unique flora and fauna adapted to its environments.

Palearctic Realm

A biogeographic realm covering parts of Northern Africa, all of Europe and Asia north of the Himalayas, and the northern and central parts of the Arabian Peninsula.