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Limited liability companies

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Limited liability companies

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Explain about features, advantages and disadvantages of limited liability company

Limited liability is a benefit for the owners of: Group of answer choicessole proprietorships and partnershipspartnershipscompanies/corporationsole proprietorships

Explain the concept Limited Liability

Which of the following types of firms have limited liability?a.Partnerships (general) and corporationsb.Sole tradersc.Corporationsd.Partnerships (general)e.Joint Venture

A limited liability company is taxed like a .

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