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A client has requested from you information regarding the advantages of converting his sole proprietorship to an LLC. Describe the advantages an LLC would provide the client,and discuss the "check-the-box" Regulations in regard to a single-member LLC.
Dissolve
To officially terminate the legal existence of an entity such as a corporation or partnership.
Declining Home Prices
A decrease in the market value of residential properties, which can affect homeownership affordability and the overall economy.
Appraisal Right
A shareholder's right to have their shares appraised and to receive monetary compensation in lieu of unfavorable corporate actions, such as mergers or acquisitions.
Merger
A merger is the combination of two or more companies into a single entity, typically to combine resources and streamline operations for better efficiency and growth.
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