Business, 17.12.2020 01:50 shelbycade230

Select the correct text in the passage. Which statements indicate that Rick's company is a limited liability company?
Rick Douglas is a bright and passionate lighting designer. Following his passion for innovative lighting solutions, he founded a company called
Dazzle in 2000. Dazzle is a successful, small company with annual revenue of $25 million. It offers residential, commercial, and theatrical
lighting solutions. Apart from Rick, there are several other owners in the company who have made tremendous contributions to its growth. The
profits are shared in a fair manner among all owners. Because Dazzle is not a separate tax entity, all the owners declare revenue earned
through the company on their personal federal tax returns. The success of the company turned Douglas and the other owners into millionaires.
Rick has a villa in the prestigious Kimberly Hills area. The $5 million dollar villa is protected from business liabilities unless the liability is incurred
through wrongful acts.

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Select the correct text in the passage. Which statements indicate that Rick's company is a limited...