In states where an LLC (limited liability company)may be organized by only one member,________ can obtain the benefit of the limited liability shield of an LLC.

Question

Quizplus · Accepted Answer

Only sole proprietors can obtain the benefit of the limited liability shield of an LLC in states where it may be organized by only one member. Corporations, LLPs, and general partnerships cannot form an LLC with only one member in most states.

In States Where an LLC (Limited Liability Company)may Be Organized