A limited liability company offers all "members" protection from claims by the LLC's creditors.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is a type of business entity that offers its members limited personal liability for the company's debts and obligations. This means that the members are not personally responsible for the LLC's debts and lawsuits, and their personal assets are protected from claims by the LLC's creditors. Therefore, the statement is true.

A Limited Liability Company Offers All "Members" Protection from Claims