What is true of the liability for loss or injury caused by the wrongful acts or omissions of the members of limited liability companies $($LLCs$)?$

The LLC as an entity cannot be held liable, but members themselves are personally liable.

The LLC as an entity cannot be held liable, and members themselves are not personally liable.

The LLC as an entity can be held liable, and members themselves are also personally liable.

The LLC as an entity can be held liable, but members themselves are not personally liable.