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The Owners of Idle Time Gaming Company Would Like to Switch

question 54

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The owners of Idle Time Gaming Company would like to switch to an S corporation.Unfortunately,their lawyer advised them that they do not meet some of the requirements necessary to qualify as an S corporation.An alternative form of business that would give them similar advantages is a limited liability company.


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Personal Name

The distinct name identifying an individual person, often consisting of a given name and a family name.

Line Of Clothing

Refers to a collection or series of garments designed and offered for sale by a fashion brand or designer.

Patent Infringement

Unauthorized use, sale, or production of a patented invention without the patent holder's permission.

Genetically Modified Seeds

Seeds that have been altered using genetic engineering techniques to exhibit traits such as pesticide resistance or increased nutritional value.

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