Question
29. A limited liability company is a form of business ownership that is taxed like a partnership, in other words, the individual owners are taxed,
29. A limited liability company is a form of business ownership that is taxed like a partnership, in other words, the individual owners are taxed, but not the limited liability company itself.
TRUE FALSE
30. A major advantage of partnerships is limited liability, that is only the partnership, and not the individual partners are liable for the debts of the business.
TRUE FALSE
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Business Law Principles and Practices
Authors: Arnold J. Goldman, William D. Sigismond
9th edition
1133586562, 978-1285632995, 1285632990, 978-1285675367, 978-1133586562
