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Experts predict that limited liability companies (LLCs) will replace both corporation and partnerships for most small businesses as a result of Internal Revenue Service (IRS)

Experts predict that limited liability companies (LLCs) will replace both corporation and partnerships for most small businesses as a result of Internal Revenue Service (IRS) regulations.

1.What are these IRS regulations that make forming an LLC so advantageous?

2. find a case involving an LLC. Briefly state the facts of the case and explain the court's decision. Provide your analysis--do you agree with the court's decision--why or why not?

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