The Two Major Advantages of a Limited Liability Company Are

question 74

True/False

The two major advantages of a limited liability company are flexibility of ownership structure and the ability to elect to be taxed either as a corporation or as a partnership while maintaining limited liability for the owners.

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Definitions:

Performance Problems

Issues or deficiencies in the execution of tasks in the workplace that can affect overall productivity and efficiency.

Needs Analysis

The process of determining gaps in performance or skills among employees or teams, which then informs the development of targeted training programs.

Senior Management

The highest level of management in an organization, responsible for strategic decision-making.

Organizational Performance

A measure of how effectively an organization achieves its objectives, often evaluated through metrics such as profitability, efficiency, and productivity.