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An LLC Differs from a Sole Proprietorship in That It

Question 2

Multiple Choice

An LLC differs from a sole proprietorship in that it ________.


A) gives nonmanager members rights to manage a manager-managed LLC's business affairs
B) is less complex and costly to form than a sole proprietorship
C) can be owned by one owner in most states and can thus obtain limited liability
D) requires at least one member who is personally liable for the obligations of the partnership

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