Question

Jeremy is considering forms of business organization, including the limited liability company (LLC), for his concessions business—Kettle Popt-Korn. Most states require that an LLC have

Answer 1

Answer:

Most states require that an LLC have

• At least one member

Explanation:

LLC:

In business, LLC is known as limited liability company. It is such company in which the owner of the company has the limited liability.

• LLC  has many advantages as it prevents the owner of the company from the personal liability regarding the debts and liabilities of the company.
• LLC can also be treated as non-profit organization under specific circumstances.
• For a company to be considered as LLC, the company must have at least one member.