Limited Liability Company

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I'm looking for some advice on starting a Limited Liability Company. ?
Posted by:
jiop
30-October-2022

Which of the following statements are TRUE of limited liability companies? (1) The company’s exposure to debts and liability is limited (2) Financial statements must be produced (3) A company continues to exist regardless of the identity of its owners A1 and2 only B1 and3 only C2 and3 only D1,2 and3

Accounting Cost Accounting Financial Accounting Bank Accounting managerial accounting

Question added by Ibtisam Haider Syed , General Accountant , DAR AL AQAR REAL ESTATE LLC
Date Posted: 2014/11/20

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11 Answers

by Saleem Khatri , Head of Finance , Berger Paints International

Answer is (b)1&3, but for some countries there is a condition if you want to register a LLC then the audited financial statements must be submitted to the registrar of companies every year to upkeep the registration, in this case, for such countries the answer should be (d)1,2 &3.

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