Question: Identify a true statement about a limited liability company ( LLC ) . A limited liability company can have more than one type of stock

Identify a true statement about a limited liability company (LLC).
A limited liability company can have more than one type of stock (ownership interest) outstanding.
A limited liability company can be taxed as a corporation only.
Only one of the owners of a limited liability company can participate in the management of the business.
A limited liability company can have no more than 100 stockholders.
One of the owners of a limited liability company must be designated as a general partner with unlimited personal financial liability.
 Identify a true statement about a limited liability company (LLC). A

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!