Which of the Following Statements Is False Regarding Limited Liability

question 41

Multiple Choice

Which of the following statements is false regarding limited liability companies?

• A)Owners of an LLC are referred to as incorporators.
• B)Limited liability companies have the limited liability of corporations yet may be taxed like partnerships.
• C)Members need not be citizens of the U.S.
• D)For purposes of jurisdiction,an LLC is considered a citizen of every state in which its members reside.
• E)A limited liability company is formed by filing articles of organization in the state in which members want to establish their LLC.

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Definitions:

Substitution

In chemistry, a reaction where one atom or a group of atoms in a molecule is replaced by another atom or group of atoms.

Elimination

A chemical reaction in which two atoms or groups are removed from a molecule, typically resulting in the formation of a double bond.

Organic Product

A substance that has been derived from living matter, or chemically synthesized to mimic compounds produced by living organisms.

Alkyl Halides

Organic compounds containing a halogen atom (F, Cl, Br, I) attached to an alkyl group, widely used in organic synthesis and as solvents or reactants.