Which of the Following Is True of a Limited Liability

question 19

Multiple Choice

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

• A) It is not always subject to double taxation.
• B) It is relatively difficult to set up and tough to maintain once started.
• C) It does not have the option of single taxation.
• D) It cannot have more than one owner.

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Definitions:

Persuasive Techniques

Strategies used in writing or speech to convince or influence the audience to adopt a particular point of view or take action.

Gather Information

The process of collecting data from different sources to gain a comprehensive understanding of a subject or situation.

Request For Proposals

A formal document that solicits detailed bids from potential vendors or service providers for a specific project or need, aiming to evaluate available options.

Soliciting Proposals

involves requesting formal submissions from vendors or partners to evaluate potential solutions or services for a specific need or project.