Question

LLC's are considered to have operational flexibility because while they must submit articles of organization they are not required to:
keep minutes or hold annual meetings
O pay taxes or hold annual meetings
O distribute profits or keep meeting minutes
O provide employee benefits or pay taxes

Answer 1

LLC's are considered to have operational flexibility because they are not required to B. distribute profits or keep meeting minutes.

A limited liability company refers to a private company where the owners are responsible for the debts that the business incurs based on the extent of the capital that they invested.

It should be noted that limited liability companies are considered to have operational flexibility due to the fact that they distribute profits and keep meeting minutes even though they submit articles of organization.

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