11. ROLE REVERSAL Draft a multiple-choice question that focuses on the difference between an LLC and...

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11. ROLE REVERSAL Draft a multiple-choice question that focuses on the difference between an LLC and an S corporation. 2. Result: An S corporation can have only one class of stock. A partnership cannot be a stockholder, and all the shareholders must consent to S corporation status. C is the correct answer. 5. Result: Maven's Court would have chosen an LLC or an S corporation. 7. Result: The Biscuit Bakery was a sole proprietorship. No matter how Mrs. Meadows signed the contracts, she is still personally liable for the debts of the business.