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The Owners of Limited Liability Companies (LLCs) Are Called Members

Question 90

Multiple Choice

The owners of limited liability companies (LLCs) are called members because:


A) they can only be individuals and not foreign investors or other corporations.
B) LLCs are not considered separate and distinct from their owners.
C) they share the same interests in the firm as common stockholders.
D) LLCs are neither corporations nor partnerships.

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