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Yesterday, 22:57

Jeremy is considering forms of business organization, including the limited liability company (LLC), for his concessions business-Kettle Popt-Korn. Most states require that an LLC have

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  1. Yesterday, 23:15
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    Most states require that an LLC have

    At least one member

    Explanation:

    LLC:

    In business, LLC is known as limited liability company. It is such company in which the owner of the company has the limited liability.

    LLC has many advantages as it prevents the owner of the company from the personal liability regarding the debts and liabilities of the company. LLC can also be treated as non-profit organization under specific circumstances. For a company to be considered as LLC, the company must have at least one member.
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