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Explain and Discuss: I.) Why limited liability companies have become the most popular business entity within the United States? II.) Describe the primary attributes of

Explain and Discuss:

I.) Why limited liability companies have become the most popular business entity within the United States?

II.) Describe the primary attributes of a limited liability company?

III.) What are the pros and cons of choosing an LLC over a corporation?

IV.) Is there any circumstance when an LLC is not appropriate?

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