Question 89 (1 point) When it comes to tax liability, limited liability companies (LLCs): in all states are required to file annual reports with the secretary of state. are taxed as partnerships. do not require partners to report their share of the LLC's profits on personal tax returns. O are taxed as corporations. Question 90 (1 point) A turnkey operation can be best described as a: franchise in which the franchisor builds and equips the place of business and leases it to the franchisee. limited liability partnership in which partners frequently rotate in and out. franchise operated by a person as his or her own personal property. franchise in which the franchisee carries out the advertisement campaigns