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As compared with corporations, the limited liability company (LLC) is not a good form if: the owners expect to raise money from the public through
As compared with corporations, the limited liability company (LLC) is not a good form if:
the owners expect to raise money from the public through multiple investors.
it is an entity.
limited liability is provided to the partners of the partnership that have converted into an LLC.
an LLC has less than six members who are engaged in running the firm collectively.
its operating agreement can be amended by an unanimous vote.
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