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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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