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What Are the Advantages of a Firm Being Formed as a Limited

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What are the advantages of a firm being formed as a limited liability company (LLC)instead of as a limited partnership?


Definitions:

Collaborative Consumption

An economic model based on sharing, swapping, trading, or renting products and services, enabling access over ownership.

Mass Customization

A manufacturing and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Social Communities

Online platforms or groups where individuals with common interests gather to communicate, share, and engage.

Blogs

Online platforms or websites where individuals or groups write entries about various topics in an informal or conversational style.

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