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Which of the Following Is True Regarding the Formation of Limited

Question 99

Multiple Choice

Which of the following is true regarding the formation of limited liability companies?


A) Professionals such as accountants, lawyers, and doctors may form limited liability companies.
B) Professionals such as accountants, lawyers, and doctors may form limited liability companies, but must retain personal liability.
C) Accountants may form limited liability companies, but no other professionals may do so.
D) Certain professionals, such as accountants, lawyers, and doctors, cannot operate practices as limited liability companies
E) Certain professionals, such as accountants, lawyers, and doctors, cannot operate practices as limited liability companies, unless each limited liability company is comprised of only three members.

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