Which of the following is true of an LLC (limited liability company) formation?
A) Doctors and lawyers cannot operate practices as LLCs.
B) An LLC has to be organized in every state that it operates.
C) "LC" cannot be used to denote an LLC.
D) An LLC is a creation of federal law.
Correct Answer:
Verified
Q1: Limited liability companies are created by federal
Q3: An LLC (limited liability company) is a(n)
Q6: Which of the following is true of
Q13: Limited liability companies (LLCs)are treated as artificial
Q14: _ refer to the formal documents that
Q15: A member or a shareholder is the
Q18: _ refer to the formal documents that
Q19: The Uniform Limited Liability Company Act is
Q20: An LLC (limited liability company)that is organized
Q21: A(n)_ refers to a document that states
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