Which of the following is a characteristic of a limited liability company (LLC)?
A) It is a separate legal person (or entity) under state law.
B) It cannot be found civilly liable for violations of law.
C) Its owners are called directors.
D) Its owners are personally liable to third parties for debts of the LLC.
A
You might also like to view...
To make sure that you have objectively and ethically prepared your visuals, you should:
A) double and triple check your visuals B) exercise caution using three-dimensional figures C) make sure all parts of the scale are presented D) all of the above E) none of the above
Zoning ordinances generally:
A) Restrict height, size, and location of buildings on a building site. B) Establish use districts within the municipality. C) Establish aesthetic requirements or limitations for the exterior of buildings. D) A and B only E) A, B, and C