Ask Question
6 April, 23:01

Which sentences describe characteristics of a limited liability corporation (LLC) ? The owners in the arrangement are called members. The owners are largely free from personal liability. The company is treated as a separate tax entity by law. Owners are exempt from liabilities arising from wrongful acts. LLCs pay their taxes through their members' personal tax returns.

+2
Answers (2)
  1. 6 April, 23:43
    0
    second and third options?
  2. 6 April, 23:47
    0
    The correct options are: The owners are largely free from personal liability. - The company is treated as a separate tax entity by law.

    Limited liability corporation: It is a type of company of mercantile character in which the responsibility is limited to the capital contributed. The capital will consist of the contributions of all the partners, divided into social, indivisible and cumulative shares.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which sentences describe characteristics of a limited liability corporation (LLC) ? The owners in the arrangement are called members. The ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers