Which of the following is a characteristic of limited liability ...

[appyboo]

Which of the following is a characteristic of limited liability companies (LLCs)?
 A) They are made to pay an annual franchise tax in many states.
  B) They are subject to double taxation.
  C) They are required to hold timely board meetings.
  D) They are required to produce a larger amount of paperwork than corporations.

Question 2

When compared to partnerships and corporations, sole proprietorships account for ____ percent of total annual sales.
 A) 34
  B) 16
  C) 9
  D) 4
  E) 2

[djofnc]

Answer to Question 1

A

Answer to Question 2

D