What Is a Limited Liability Company (LLC)? How Does It

question 321

Essay

What is a limited liability company (LLC)? How does it compare to an S corporation? What are the major advantages and disadvantages of an LLC?

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Definitions:

Z-statistic

A statistical measure that represents the number of standard deviations a data point is from the mean of a data set.

Probabilities

Measuring how likely it is for an event to occur, using a numeric scale that falls between 0 and 1.

Normal Probability Distribution

A bell-shaped probability distribution characterized by its mean and standard deviation, describing how random values are spread or dispersed.

Parameters

Quantitative values that define the behavior and characteristics of a model or function.