7.Panther Tech, LLC is seeing amazing growth due to the success of their business. The owners of the company want to give back to their employees as an acknowledgement of their hard work. The owners decide to issue employee stock options as a bonus to their employees. Which of the following is a correct statement?

a. In an LLC, preferred stocks have a greater level of protection by providing priority over common shareholders in liquidation.

b.LLC do not have stocks

c.An LLC is a business entity that is owned and run by one individual and, since there is no legal distinction between the owner and the business, he can do whatever he wants.

d.There are no formalities to an LLC, so they can freely issue stock options to the empoyees.