Question: What does the term limited liability in a Limited Liability Company ( LLC ) refer to ? a . Owners are usually not personally liable
What does the term "limited liability" in a Limited Liability Company LLC refer to
a Owners are usually not personally liable for the business's debts and liabilities.
b The company's profits are limited
c The company has a limited number of shareholders.
d Owners are personally liable for the business's debts and liabilities.
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
