One of the real benefits of limited liability companies (LLCs) that is unavailable in corporations is:
A) that all members enjoy limited liability.
B) the presence of a centralized management.
C) that it has a limited period of existence.
D) free transferability of interest.
E) that no annual meetings are required.
Correct Answer:
Verified
Q36: A "foreign" LLC means its registration was
Q37: The problem with early efforts to form
Q38: Able and Baker had a partnership and
Q39: LLC members are not liable for contracts
Q40: Dissolution of the LP is necessarily followed
Q42: A limited liability company:
A) will necessarily have
Q43: A limited liability limited partnership (LLLP) is
Q44: A _ is a corporation whose owners
Q45: If a business entity is created to
Q46: When the limited liability company (LLC) is
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