Even though most states have similar requirements for LLC formation, specific state laws differ. However, there is an exception to this rule. Besides banks, what types of entities are NOT legally allowed to form an LLC?   a) Personal loan lenders   b) Insurance companies   c) Tag agencies   d) Government subcontractors

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section15.5D: Liabilities And Owners’ Equity
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 Even though most states have similar requirements for LLC formation, specific state laws differ. However, there is an exception to this rule. Besides banks, what types of entities are NOT legally allowed to form an LLC?

  a) Personal loan lenders
  b) Insurance companies
  c) Tag agencies
  d) Government subcontractors
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