A limited liability company is a legal entity that separate the business from its owners a way to reduce risks to the owners from the business activities a way to bring together multiple investors so they call pool their resources to undertake a large business initiative None of the above. All of the above. uestion 2 (4 points) A cash flow statement describes what assets the financial entity has and the obligations that funded them describes the activities that grew and shrank the value of hte assets and obligations describes what caused cash to flow into and out of company All of the above .