Which characteristic does not apply to a limited liability company?
A) The company is governed by articles of organization.
B) Owners cannot include corporations.
C) Double taxation of income and dividends is avoided.
D) Professional managers may make day to day decisions.
Correct Answer:
Verified
Q2: The two major types of partnerships are
A)
Q3: Which one of the following is not
Q4: A general partnership is considered a separate
Q5: Most professional organizations, such as CPA firms,
Q6: In a limited partnership, the limited partners:
A)
Q8: Absent a separate agreement, the Revised Uniform
Q9: Unless the partnership agreement has a different
Q10: If a CPA firm is organized as
Q11: Which statement is false concerning attributes of
Q12: In a limited partnership, limited liability means
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