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OF THE FOUR CHARACTERISTICS THAT THE IRS EXAMINED TO CLASSIFY AN ENTITY AS A PARTNERSHIP OR AS AN ASSOCIATION TAXABLE AS A CORPORATION. AN LIMITED

OF THE FOUR CHARACTERISTICS THAT THE IRS EXAMINED TO CLASSIFY AN ENTITY AS A PARTNERSHIP OR AS AN ASSOCIATION TAXABLE AS A CORPORATION. AN LIMITED LIABILITY COMPANY ALMOST ALWAYS MET WHICH OF THE FOLLOWING CHARACTERISTICS

CENTRALIZED MANGEMENT

CONTINUITY OF LIFE

FREE TRANSFERABILITY OF INTERESTS

LIMITED LIABILITY

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