Limited liability companies (LLCs) are a hybrid of corporations and partnerships. Discuss and fully explain how each of the following aspects applies to and can be used by LLCs, corporations and partnerships.

(a) Purpose or use (legal authorization).

LLC -

Corporation -

Partnership -

(b) Ownership (who can be owners).

LLC -

Corporation -

Partnership -

(c) Management

LLC -

Corporation -

Partnership

(d) Events of dissolution or disassociation

LLC -

Corporation -

Partnership -

(e) Taxation

LLC -

Corporation -

Partnership -

(f) Creditors rights (entitys creditors).

LLC -

Corporation -

Partnership -