Which of the following is not true about an LLC? a. It allows pass-through taxation for the

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Which of the following is not true about an LLC?

a. It allows pass-through taxation for the members/owners.

b. There is no personal liability for negligent acts of other members/owners.

c. Members are authorized to bind the LLC in contract.

d. There is no personal liability for a member’s own negligence.

e. There is limited liability for members as well as for managers.

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Business Law And Strategy

ISBN: 9780077614683

1st Edition

Authors: Sean Melvin, David Orozco, F E Guerra Pujol

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Question Posted: Mar 07, 2024 02:01 AM

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Which of the following is not true about an LLC? a. It allows pass-through taxation for the

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d In an LLC as in any other busi...View the full answer

Business Law And Strategy

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