Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Question #1
A business organization that has members is a(n)
O Sole proprietorship
O Corporation
O Partnership
O LLC


Sagot :

Answer:

O LLC

Explanation:

Owners of a limited liability company, LLC are called its members. An LLC is formed by at least one member but has no upper limit.  Members of an LLC may opt to get involved in managing business affairs. They enjoy unlimited liabilities to the debts of the entity. LLC members can be compared to the shareholders of a corporation.