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A Limited Liability Company Is a Form of Business Entity

question 20

True/False

A limited liability company is a form of business entity that combines the legal benefits of the corporate form with the tax benefits of the partnership form.


Definitions:

Unauthorized

Refers to actions taken or access granted without official permission or approval.

Wireless Network

A type of computer network that uses radio waves rather than wires to transmit data between devices, enabling mobility and flexibility.

MUrgency App

A mobile application designed to connect individuals in need of emergency medical services with nearby responders quickly.

Launched

The act of officially starting or introducing something new, such as a product, service, or mission.

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