In the context of the continuity of limited liability companies (LLCs),which of the following statements is true?
A) Membership in LLCs is limited to individuals.
B) In an LLC, a business organization can be an owner.
C) An LLC dissolves when the number of shareholders falls below 100.
D) LLCs cannot be dissolved unless the owner of the LLC dies.
E) In an LLC, only the government can dictate when the company can be dissolved.

Question

Quizplus · Accepted Answer

Unlike in the S corporation, a business organization can be an owner in any LLC (limited liability company). Membership in LLCs is not limited to individuals.

In the Context of the Continuity of Limited Liability Companies