In general, for what purpose(s) can an LLC be formed? a. Only to practice a profession, such

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In general, for what purpose(s) can an LLC be formed?

a. Only to practice a profession, such as accountancy or medicine.

b. Only for the stated purposes in the Uniform Limited Liability Company Act.

c. Only for the purposes that the Internal Revenue Service has recognized as valid LLC purposes.

d. For any lawful purpose.

Related Book For answer-question

Discrete Mathematics and Its Applications

ISBN: 978-0073383095

7th edition

Authors: Kenneth H. Rosen

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Posted Date: Oct 21, 2020 01:46 PM

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In general, for what purpose(s) can an LLC be formed? a. Only to practice a profession, such

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A limited liability company or LLC is created to protect the business owner from being held personal... View the full answer

Discrete Mathematics and Its Applications

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