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Which of the following is a disadvantage of doing business as an LLC? Question 5 options: a. Compared to other business entities, the LLC is
Which of the following is a disadvantage of doing business as an LLC? Question 5 options: a. Compared to other business entities, the LLC is taxed more heavily by the IRS. b. An LLC requires the participation of several owners, which can sometimes complicate day-to-day business decisions. c. Existing court decisions addressing LLC issues and formation are relatively undeveloped, which may lead to legal uncertainty when making business decisions. d. Individual members of the LLC can never bind the LLC in a valid and enforceable contract
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