Question

question 5 of 19
in which type of business structure are the owners called members?
select an answer from the options below.
a corporation
b sole proprietorship
c general partnership
d limited liability company

Explanation:

In a Limited Liability Company (LLC), the owners are referred to as members. A corporation has shareholders. A sole proprietorship has a single owner (not called a member). A general partnership has partners.

Answer:

D. Limited Liability Company