Which of the following is an advantage of a limited liability company compared to a corporation?
A) Unlike a corporation, the members of a limited liability company are not personally liable for the business's debts.
B) Unlike a corporation, the members of a limited liability company need not file articles of organization with the state.
C) Unlike a corporation, the members of a limited liability company cannot participate actively in management of the business.
D) Unlike a corporation, the members of a limited liability company are taxed at the individual level only.
Correct Answer:
Verified
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