Which of the following is true regarding the limited liability company?
A) Limited liability companies originated in Europe more than 500 years ago, around the same time as limited partnerships.
B) Limited liability companies originated in France more than 200 years ago.
C) Limited liability companies originated in U.S. more than 100 years ago.
D) Limited liability companies are a relatively new form of business organization.
E) Limited liability companies are the same thing as limited partnerships as far as regulatory rules are concerned.
Correct Answer:
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