Posted: May 2nd, 2017

Which statement is true in the context of limited liability companies (LLCs)?

Which statement is true in the context of limited liability companies (LLCs)?
The principals of LLCs do not receive any liability protection.
The principals of LLCs can opt for pass-through tax treatment.
The principals of LLCs are required to file extensive articles during the formation stage.
The principals of LLCs are not subject to any fiduciary duties of loyalty

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