A(n)____ is an unincorporated business association that provides limited liability to all of its owners and permits all of its owners to participate in the management of the business.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) provides limited liability protection to all of its owners, who are referred to as members. This means that their personal assets are protected from business debts and liabilities. In addition, all members are permitted to participate in the management of the business, similar to a general partnership.

A(n)____ Is an Unincorporated Business Association That Provides Limited Liability