In a limited-liability company,the ________.
A) members are personally liable to pay the company's debts
B) business terminates at the death of a member
C) members are liable for each other's actions
D) members pay income tax on their share of earnings

Question

Quizplus · Accepted Answer

In a limited-liability company, the members are not personally liable for the debts of the company. They also do not have liability for each other's actions. However, they do pay income tax on their share of earnings. The business also does not necessarily terminate at the death of a member.

In a Limited-Liability Company,the ________