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As discussed in the textbook, large accounting firms and other professional firms operate as limited liability partnerships (LLPs). Compare and contrast the advantages and disadvantages

As discussed in the textbook, large accounting firms and other professional firms operate as limited liability partnerships (LLPs).

  • Compare and contrast the advantages and disadvantages of an LLP form of business and a C Corporation.
  • Suggest the significant tax reasons why a new entity would choose an LLP over a traditional partnership or a C Corporation.

This for a discussion not an essay and it doesn't need data/ graph

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