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goji.go goji.go
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10 years ago
Compared to the C corporation, the limited liability company is an attractive form of business ownership because ________.
A) a limited liability company may be more expensive to form but it has a longer life than a C corporation
B) a limited liability company allows only one owner, whereas a C corporation requires over 100 owners
C) a limited liability company provides owners with protection of their personal assets; whereas C corporation owner's personal assets are at risk
D) a limited liability company does not require the firm to hold annual meetings and it can avoid double taxation
E) a limited liability company issues stock, while in a C corporation each member's ownership is determined by the value of their capital account
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Diesel
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bbb
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10 years ago
D) The costs involved in forming both types of ownership are similar since they both must file articles of organization. Limited liability forms of ownership can have an unlimited number of owners. Personal assets are protected by both forms of ownership. Limited liabilities, if structured properly, will not be taxed as an entity, giving the option to avoid double taxation. Unlike C corporations, limited liability companies do not hold annual meetings, nor do they need to file annually.
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goji.go Authorgoji.go
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10 years ago
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