Which of the following is true of limited liability companies?
A)An LLC can be sued by third-parties as a separate entity.
B)An LLC cannot enter into contracts under its own name.
C)An LLC is a legal entity indistinct from its members.
D)An LLC cannot be a manager-managed business entity.

Question

Quizplus · Accepted Answer

An LLC (Limited Liability Company) can be sued by third-parties as a separate entity because it is a distinct legal entity from its owners (members). This separation provides the members with limited liability protection.

Which of the Following Is True of Limited Liability Companies