Business Law

Which Of The Following Is True In Regards To A Limited Liability Company?

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A Limited Liability Company (LLC) is a type of business structure in the United States that offers limited liability protection to its owners, or members. LLCs are typically used by small- and medium-sized businesses, as they provide owners with a degree of protection from personal liability for business debts and obligations. While LLCs do provide …

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Based On The Chart, The Primary Responsibility Of Shareholders Is To

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When it comes to the responsibilities of shareholders, the chart below shows the primary responsibilities that shareholders have when investing in a company. These primary responsibilities include voting in annual or special company meetings, serving as a mediator between the company and potential investors, and exercising oversight on the company in order to protect one’s …

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