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The use of limited liability partnerships has become Multiple Choice rare due to the lack of pass-through tax protections. less common due to most states
The use of limited liability partnerships has become
Multiple Choice
- rare due to the lack of pass-through tax protections.
- less common due to most states disallowing this form of organization.
- more widespread as some family businesses now use this form.
- mandatory for professional associations such as law firms and accounting firms.
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