Jane Dixon is going to create a limited liability company for operating her business that does billing for physicians and medical laboratories.Jane is unsure whether her state allows for the creation of limited liability companies.Advise Jane on the best place to look for finding whether she can create a limited liability company in her state:
A)United States Code
B)Code of Federal Regulations
C)municipal ordinances
D)state statutes
E)none of the above

Question

Quizplus · Accepted Answer

State statutes govern the creation and regulation of limited liability companies, so Jane should look to the state statutes of her specific state to determine whether creating an LLC is allowed.

Jane Dixon Is Going to Create a Limited Liability Company