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The following apply to an LLC EXCEPT: a. The LLC shields the owners of the LLC from all company debts. b. The general partnership files

The following apply to an LLC EXCEPT:

a. The LLC shields the owners of the LLC from all company debts.
b. The general partnership files only an informational return with the IRS.
c. The LLC income is not subject to taxation.
d. The LLC files an LLC tax return with the IRS.

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