Which of the Following Is True of a Limited Liability

Which of the following is true of a limited liability corporation?

A) It is commonly identified by the "Inc." designation in a name.
B) It consists of a general partner and one or more "limited" partners who do not participate in day-to-day business management.
C) The business owner is personally liable for business debts and claims.
D) For tax purposes, it functions as a sole proprietorship in the case of a single owner.
E) It involves the owners going into debt by borrowing money from another person, bank, or financial institution.