Would Rohan and Roland likely be held liable for Viktor's injuries?
A)LLC members are akin to limited partners,which can be liable for business debts.
B)Like a corporation,LLC members' liability is limited to his or her capital investment.
C)LLC members are similar to partners in an LLP,who can be personally liable for business debts
D)Like a joint venture,each LLC member is equally liable for business debts.
E)Like a partnership,LLC members can be personally liable for business debts.

Question

Quizplus · Accepted Answer

A)The LLC offers its members the same limited liability for business debts as that
offered by the corporation.A corporation can be sued and can be held liable for its debts,however,shareholders cannot.Their liability is usually limited to the amount they have invested in their share purchases,which supplies the company with capital.

Would Rohan and Roland Likely Be Held Liable for Viktor's