Which of the following is true of a limited liability company? - 2668

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Which of the following is true of a limited liability company? 

A. Limited liability companies are managed by members or managers. 

B. Limited liability companies are automatically taxed like corporations. 

C. Documents do not have to be filed with the state to create one. 

D. Limited liability companies have limited duration. 

Solution Description

Which of the following is true of a limited liability company?