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

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

User Kurt Bourbaki
by
4.5k points

1 Answer

8 votes

Answer:

O LLC

Step-by-step 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.

User Surjit Joshi
by
4.9k points
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