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31. Which of the following is not an advantage of a Limited Liability Company? A. No double taxation because of the pass through status. B.
31. Which of the following is not an advantage of a Limited Liability Company? A. No double taxation because of the pass through status. B. Check-the-box taxation. C. Less administrative paperwork and record keeping than a corporation. D. Many States impose franchise tax, margin tax or capital value taxes on these entities. E. Allows for flexible allocation of profits and losses.
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