Which of the following is a recognized advantage of an LLC?
A) The LLC can be taxed as a partnership (two or more members) or a corporation.
B) In a member-managed LLC, all decisions are made by a majority, which often causes delay in decision making.
C) A foreign LLC may not be treated the same as a domestic LLC.
D) Members are personally liable for the LLC's debts and obligations.
Correct Answer:
Verified
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