A distinguishing characteristics of a limited liability company is that it
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Correct Answer: Option C
Explanation:
A limited liability company has a separate legal personality from its owners. Because it is recognized by law as a separate legal entity, it can enter into contracts and can sue or be sued in its own name. This is an important characteristic of a limited liability company.
A limited liability company has a separate legal personality from its owners. Because it is recognized by law as a separate legal entity, it can enter into contracts and can sue or be sued in its own name. This is an important characteristic of a limited liability company.