Question

Which of the following is not true regarding a limited liability company?
a) It might have a perpetual existence
b) It can be sued
c) Each member of an LLC can bind it even if it is managed by a manager
d) Another LLC can become a member of an LLC.​

Answer 1

The statement is b) It can be sued

• The term LLC stands for limited liability company.
• In most cases, an owner of such company is not legally liable for its activities. As a result, an owner cannot be sued for any of the enterprise's considerable dues.
• The assets are also protected by LLC, and are not accountable to the business's creditors. However, there can be circumstances where LLC owner might be sued individually for few activities of an enterprise.

Answer 2

Answer:

which of the following is not true regarding a limited liability compny