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Umerent rorms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a limited liability partnership? Check
Umerent rorms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a
limited liability partnership? Check all that apply.
Owned by single individual
Owners have limited liability and right to vote
LLPs are not suitable for professional firms such as accounting, law, and architecture
Have corporate ownership structure
Limited financial liability
Taxed as a partnership
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