Question $90(1$ point$)$

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Which of the following statements is true?

Most LLCs are formed in the state where they do the most business.

An LLC must apply to the Department of Commerce in order to be certified.

LLCs are prohibited from selling goods and services in foreign countries.

An investor in a LLC has the same liability protection that a partner in a general partnership has.

LLCs must have two annual meetings a year because investors are often involved in management.