Unlike a sole proprietorship or a partnership, a limited liability company cannot be held liable for a loss caused by the wrongful acts of its members.

Question

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A limited liability company (LLC) provides limited liability protection to its owners, but it does not completely absolve the company or its members from liability for wrongful acts committed by its members. Members or the LLC itself can still be held liable under certain circumstances, especially if the wrongful acts were committed on behalf of the company.

Unlike a Sole Proprietorship or a Partnership, a Limited Liability