Which of the following statements is false regarding limited liability companies?
A)Owners of an LLC are referred to as incorporators.
B)Limited liability companies have the limited liability of corporations yet may be taxed like partnerships.
C)Members need not be citizens of the U.S.
D)For purposes of jurisdiction,an LLC is considered a citizen of every state in which its members reside.
E)A limited liability company is formed by filing articles of organization in the state in which members want to establish their LLC.

Question

Quizplus · Accepted Answer

A)LLC owners are referred to as members.
B)LLC owners are referred to as members.
C)LLC owners are referred to as members.
D)LLC owners are referred to as members.
E)LLC owners are referred to as members.

Which of the Following Statements Is False Regarding Limited Liability