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List Three Advantages of an LLC

question 70

Essay

List three advantages of an LLC.


Definitions:

Limited Partnership

A business organization that has at least one general partner, who assumes unlimited liability, and at least one limited partner, whose liability is limited to his or her investment in the business.

Personal Assets

Anything of value owned by an individual that can be converted into cash or is available to meet debts, commitments, or legacies.

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