what is true of the liability for loss or injury caused by the wrongful acts or omissions of the members of limited liability companies (llcs)?

Respuesta :

The members of a Limited Liability Company have unlimited liability for any loss or injury caused by the wrongful acts or omissions of the firm.

What is a Limited Liability Company?

A limited liability company (LLC) is a type of corporate entity that shields owners from being held accountable for the debts and losses of the company. Liability is taken on by the company rather than the partners or shareholders that make up the firm in the case of a lawsuit or business collapse.

In conclusion, an LLC is a type of business organization that combines limited liability with the pass-through taxation of a corporation with a partnership or sole proprietorship. According to state law, an LLC is not a corporation; rather, it is a type of firm that offers its owners limited liability in many jurisdictions.

Learn more about Limited Liability Company here: https://brainly.com/question/9503055

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