Question 3 of 20
What is one benefit of a limited liability company over a corporation?
A. A limited liability company offers less risk to its owners.
O
B. A limited liability company is subject to fewer regulations,
C. A limited liability company has an unlimited life span.
D. A limited liability company has access to more resources.
SUBMIT

Answers

Answer 1

Answer:B. A limited liability company is subject to fewer regulations.

Explanation:

A. P. E. X

Answer 2

One benefit of a limited liability company over a corporation is a limited liability company offers less risk to its owners. Therefore, the correct option is option A.

One advantage of a limited liability company (LLC) over a corporation is that it exposes its owners to less risk. The owners, known as members, of an LLC have limited liability protection. This means that the members' personal assets are normally safeguarded from the LLC's obligations and liabilities. If the LLC encounters financial difficulties or legal claims, the members' personal assets are protected, and their risk is limited to the amount invested in the firm.

In contrast, stockholders in a corporation might be held personally accountable for the company's debts and legal obligations, especially if there is no clear separation of personal and corporate assets. This increases the danger to the shareholders' personal assets.

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Explanation:

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Explanation:

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Answer:

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