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denpristay [2]
2 years ago
6

Which sentences describe characteristics of a limited liability corporation (llc)?

History
2 answers:
jenyasd209 [6]2 years ago
8 0

I believe the answer is:

The company is treated as a separate tax entity by law and

the owners in the arrangement are called members.

The members in LLC have the right to give their vote regarding the decision that shall be taken by the company. The owners of LLC would be subjected to two different tax payment.

The first one would be the corporate tax payment from company's profit. The second one is the personal tax payment from the owners'share of the profit.

Lelechka [254]2 years ago
5 0
Owners are exempt from liabilities arising from wrongful acts, and the owners in the arrangement are called members.
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