Limited liability companies cannot sue or be sued.

Name: Limited liability companies cannot sue or be sued.
Brand: Quizplus
Rating: 5.0 (66 reviews)

Question

Quizplus · Accepted Answer

This statement is false. Limited liability companies (LLCs) have the ability to sue individuals or other businesses, and they can also be sued themselves. However, the liability of the LLC is limited to the amount of assets it has, and the personal assets of the LLC’s owners are typically protected from being used to pay off the company’s debts or legal judgments.

Limited Liability Companies Cannot Sue or Be Sued