College Savings Quizzes-The owners of an LLC are referred to as:

Answer to Quiz

The owners of an LLC are referred to as:

Answer: (a), Members
A "limited liability company" or "LLC" is a form of business organization authorized by state law. An LLC gives the owners of the enterprise (the "members") protection from the debts and obligations incurred by the LLC. LLCs can also elect to be taxed as a partnership, thus incurring only one level of tax at the member-owner level. LLCs are useful for holding investment real estate.

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A "Cusip Number" is:

(a) The number set forth in bearer bonds
(b) The number set forth in convertible debentures
(c) The nine character number that uniquely identifies a particular security
(d) The equivalent of a Social Security number for corporations

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Realized Gain

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Realized Gain

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