GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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one of the characteristics of the form of business ownership known as an LLC is that
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it is required to have at least 3 owners (members)
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the owners personal property cannot be taken to pay the business’s debt
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the IRS collects taxes based on the LLC’s gross income
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this kind of business can last indefinitely
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Explanation:
Detailed explanation-1: -The most common forms of business ownership are sole proprietorship, partnership, limited liability partnership, limited liability company (LLC), series LLC, and corporations, which can be taxed as C corporations or S corporations.
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