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

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True/False

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

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Definitions:

Capitalization

In finance, it refers to the total market value of a company's outstanding shares of stock.

Capitalization

The practice of writing certain words in uppercase for emphasis, proper nouns, or other grammatical rules.

Fourth Of July

A federal holiday in the United States commemorating the Declaration of Independence, celebrated on July 4th.

Capitalization

The process of accounting for a cost as an asset, rather than an expense, to be amortized or depreciated over time.

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