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Which of the Following Is True of Limited Liability Companies

Question 38

Multiple Choice

Which of the following is true of limited liability companies?


A) The management structure of a limited liability company is extremely rigid.
B) A single-member limited liability company cannot be treated as a corporation.
C) The operating agreement of a limited liability company is most likely to be in the oral form.
D) To create a limited liability company,the owner(s) must file articles of organization with the state.

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