A limited liability company is a citizen of every state in which it does business.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is not a citizen of every state in which it does business. Although it is considered a separate legal entity, an LLC is typically classified as a partnership or disregarded entity for tax purposes. Therefore, it is not a citizen of any state but is subject to state laws and regulations where it is registered and operates.

A Limited Liability Company Is a Citizen of Every State