Limited Liability Company

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