How To Start An LLC - How To Form An LLC | TRUiC

Leaving a Partnership or Limited Liability Corporation (LLC)

Question 13 Which of the following statements is true of a limited liability company (LLC)? It offers less flexibility than a corporation in terms of tax treatment. It is by far the most common type of business organization in the United States. It is a relatively new form of business ownership in the United States. It is required to hold regular board meetings.