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 stockholders.
One of the owners of a limited liability company must be designated as a general partner with unlimited personal financial liability.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
