A limited liability company:
A) Combines the pass-through taxation feature of a partnership with the limited liability feature of an S corporation
B) Will probably decline as a form of organization due to its undesirable features
C) Are allowed in only a very few states in the U.S.
D) Results in personal liability for all partners if one (or more) partner(s) commit malpractice
E) Can only be formed if more than one person is a partner (i.e.,no one-person LLCs are allowed)
Correct Answer:
Verified
Q82: In recent years some firms have
A) Become
Q83: Modern risk management:
A) Focuses primarily on easily-insured
Q84: A stock purschased on the New York
Q85: Which agency oversees fair reporting of financial
Q86: Maximizing profit as the manager's goal has
Q87: When a corporation offers shares to the
Q88: Would it be reasonable for a successful
Q89: Hedging is
A) Buying derivatives to take advantage
Q90: Diversifying among different suppliers is an example
Q91: Which of the following is NOT a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents