If an owner discloses he is an agent of an LLC, he will not be personally liable for the debts and obligations of the entity.
Correct Answer:
Verified
Q9: An LLC is a separate legal entity
Q10: If a limited partnership certificate is never
Q11: The names of limited partners and investors
Q12: Limited partners may contribute only cash as
Q13: In a limited partnership, limited partners are
Q15: Both general partnerships and limited partnerships are
Q16: Limited partners may sue their partnership's general
Q17: It is impossible to form a business
Q18: A limited partner loses his limited liability
Q19: A limited partner can never lose money.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents