multiple choice

Which of these is not a characteristic of an LLC? a. Board of directors not required and unlimited members are allowed. b. An LLC can be formed by a single individual, in which case it is usually referenced as a "single member LLC". c. The owners of a limited liability company are often referenced as "members", as opposed to "stockholders". d. Income is "double-taxed" with an LLC. Which of the following is not a component in the calculation of free cash flow? a. Depreciation b. EBIT c. Change in Net Working Capital