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Question 4 (3 points) Limited liability companies (LLCs) are the most efficient legal business entity for an initial public offering (IPO). True False Question 5

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Question 4 (3 points) Limited liability companies (LLCs) are the most efficient legal business entity for an initial public offering (IPO). True False Question 5 (3 points) C corporations and S corporations are separate tax-paying entities that pay tax on their own income. True False

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