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A group of investors decides to pool its funds to purchase a plumbing company. The owners seek a business structure that offers the owners protection

A group of investors decides to pool its funds to purchase a plumbing company. The owners seek a business structure that offers the owners protection against lawsuits and flow-through status for tax purposes.

Which business structure offers these advantages?

General partnership

501(c)(3) organization

C Corporation

Limited liability company

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