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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Which of the following is a characteristic of a limited-liability company (LLC)?
A) An LLC must have more than five members.
B) An LLC's life is terminated at any member's choice or death.
C) Each member of an LLC is liable only for his or her own actions.
D) The income of members from an LLC is not taxed.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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#2
8 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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#3
8 years ago
I'm liking this Slight Smile
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