A limited liability company is liable for any loss or injury caused to anyone as a result of a wrongful act or omission by a member,a manager,an agent,or an employee of the LLC who commits the wrongful act while acting within the ordinary course of business of the LLC or with authority of the LLC.

Question

Quizplus · Accepted Answer

A limited liability company offers protection to its members from personal liability for the company's debts or losses. However, the LLC can still be held liable for any damages caused by its employees or managers while performing duties related to the business. Therefore, the statement is true.

A Limited Liability Company Is Liable for Any Loss or Injury