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10. An LLC... a. Provides liability protection b. Is NOT a separate legal entity c. Can only have 1 owner 11. When an LLC gets

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10. An LLC... a. Provides liability protection b. Is NOT a separate legal entity c. Can only have 1 owner 11. When an LLC gets sued... a. The owner can always be held personally liable b. The owner has limited liability and is protected because it's a separate entity 12. An owner of an LLC is called: a. CEO b. Member c. President d. Shareholder 13. "A voluntary association of two or more persons for carrying on a business, as co- owners, for profit" ... is the definition of a a. LLC b. Corporation c. General Partnership d. Joint Venture

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