Which of the Following Is False Regarding Limited Liability Companies

question 28

Multiple Choice

Which of the following is false regarding limited liability companies?

• A) The limited liability company was first recognized in Wyoming.
• B) Limited liability companies have the limited liability of partnerships yet are taxed like corporations.
• C) Limited liability companies must file a form with a state agency.
• D) The company name must include "Limited Liability Company" or an abbreviation of those words.
• E) Owners of an LLC are referred to as members.

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