1. An advantage of using a Limited Liability Company (LLC) for a business is that it is unlikely that you will be personally exposed to business incurred liabilities if the business goes bankrupt. Personal exposure to business liabilities is more likely if you form a proprietorship or a partnership to operate the business.
   1. True
   2. False

2. Generally, it is easier to transfer or sell ones ownership interest in a corporation than in a proprietorship, partnership or LLC.
   1. True
   2. False