Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is an advantage of a limited liability company compared to a corporation? A. Unlike a corporation, the members of a limited

Which of the following is an advantage of a limited liability company compared to a corporation?

A.

Unlike a corporation, the members of a limited liability company cannot participate actively in management of the business.

B.

Unlike a corporation, the members of a limited liability company are personally liable for the business's debts.

C.

Unlike a corporation, the members of a limited liability company need not file articles of organization with the state.

D.

Unlike a corporation, the members of a limited liability company are taxed at the individual level only.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Of Tax Regularity And Efficiency

Authors: Mohamed Aziz Boussaid

1st Edition

6206215865, 978-6206215868

More Books

Students also viewed these Accounting questions