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Fourteen members of the same family want to go into business together. Some family members will work daily in the business and some will not.
Fourteen members of the same family want to go into business together. Some family members will work daily in the business and some will not. Ordinarily, corporate income is taxed at the corporate and shareholder levels. Identify at least two business structures that will protect all family members from unlimited liability and avoid double income taxation.
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