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Question 9 5 pts Under the Internal Revenue Code, a limited liability company ( LLC ) exhibits all four characteristics of a corporation. Which of

Question 9
5 pts
Under the Internal Revenue Code, a limited liability company (LLC) exhibits all four characteristics of a corporation. Which of the following is NOT one of the four characteristics?
Limited liability
Tax-exempt status
Continuity of life
Free transferability of interests
Centralized management
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