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Question 9 Which of the following statements is incorrect? The number of owners of an LLC is not limited . If the LLC has three

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9

Which of the following statements is incorrect?

The number of owners of an LLC is not limited

.

If the LLC has three or more corporate characteristics, it will be taxed as a C corporation.

An LLC can elect to be taxed as a C corporation or as a partnership.

Only a

.

and c

.

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