3 Question 9 Which statement is TRUE about Limited Liability Companies (LLCs)? Q LLCs are one of the oldest forms of ownership in the United States. 0 LLCs are subject to only the federal laws governing operations, making operating in more than one state rather complex. a O LLCs in their most common form are schools and nonprot organizations. 0 LLCs can be taxed like a partnership. D Question 10 1 pts Which statement about franchising is FALSE? 0 Franchises offer guaranteed prot margins. 0 Training and support is offered to franchisees. Q There is less risk with a franchise. O Franchisees enjoy the benet of brand recognition