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Advantages and disadvantages of partnerships and corporation

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Reference no: EM13874969

Limited Liability Companies share some of characteristics of partnerships and some of the characteristics of corporations. Write a 4-5 paragraph essay describing the advantages and disadvantages of partnerships and corporations. Identify the essential LLC characteristics
regarding liability, tax, profit and loss sharing and explain how the LLC statute is a better choice for most businesses.

Reference no: EM13874969

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