Question
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.
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