Which of the following is an advantage of a limited liability company $($LLC$)?$

a$.)$

All assets of the business are protected from creditors.

b$.)$

Setting up an LLC requires no legal registration or paperwork.

c$.)$

If the business is unable to pay its debts, creditors cannot claim the nonbusiness assets of the owner.

d$.)$

The legal costs to set up an LLC are lower than those to set up other forms of ownership.