Which of the following is a key distinction between a corporation and a limited liability corporation (LLC) ?
A) A corporation shields its owners from the debts of the firm, but an LLC does not.
B) A corporation shields its owners from legal claims against the firm, but an LLC does not.
C) A corporation issues stock, but an LLC does not.
D) A corporation has many members, but an LLC has one member.
Correct Answer:
Verified
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