To choose non-corporate-level taxation, a limited liability corporation must not have more than two of four characteristics that define corporations. Suppose an LLC already has two such characteristics: limited liability of owners and centralized management. Which of the following is another of the four characteristics?

To choose non-corporate-level taxation, a limited liability corporation must not have more than two of four characteristics that define corporations. Suppose an LLC already has two such characteristics: limited liability of owners and centralized management. Which of the following is another of the four characteristics?

To choose non-corporate-level taxation, a limited liability corporation must not have more than two of four characteristics that define corporations. Suppose an LLC already has two such characteristics: limited liability of owners and centralized management. Which of the following is another of the four characteristics? 





A) Continuity of life
B) Listing on a national stock exchange
C) A state charter
D) Multiple classes of ownership










Answer: A