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Author Question: Which of the following is a characteristic of limited liability companies (LLCs)? A) They are made ... (Read 52 times)

appyboo

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on: Jul 14, 2018
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

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

D


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