Which of the following statements is true of limited liability company?
A) Limited liability company is no more costly to form than sole proprietorships.
B) Like a corporation, an LLC provides limited liability for the people who make the business decisions in the firm while enabling all investors to retain the tax advantages of a limited partnership.
C) The lives of limited liability company are not flexible.
D) Limited liability company is more constrained than general partnerships because they can raise money only from members.
Correct Answer:
Verified
Q21: Differences in marketability can result in premiums
Q22: The life of an entity is flexible
Q23: Which of the following forms of business
Q24: The adjusted book value approach is useful
Q25: A limited liability partnership is:
A) a partnership
Q27: In contrast to the free cash flow
Q28: Which of the following statements is true
Q29: Cost approaches include replacement cost and multiples
Q30: A business's chances of success increase if
Q31: In valuing a business, analysts must also
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