Limited liability companies (LLCs)are treated as artificial persons who can sue or be sued and enter into and enforce contracts.

Question

Quizplus · Accepted Answer

This statement is true. Limited liability companies (LLCs) are legal entities that are separate from their owners, which means they can be treated as an artificial person with legal rights and responsibilities. This allows them to sue or be sued, enter into and enforce contracts, and engage in various other legal transactions on behalf of the company.

Limited Liability Companies (LLCs)are Treated as Artificial Persons Who Can