Which of the following is NOT an advantage of a limited liability company (LLC) as a business form? Easy transfer of ownership interests. Limited liability for its members (owners). Pass-through (aka flow-through) tax treatment (unless the members choose otherwise). The ability to choose between member-managed or manager-managed options. Question 34 5 pts Which of the following business entities can be created without filing any paperwork whatsoever with the state (and, in fact, can be created by accident)? A franchise. An "S" corporation. A limited liability partnership (LLP). A general partnership. Question 35 5 pts A person who wrongfully possesses the real property of another (by occupying or using it) may eventually acquire title to it through which of the following processes? Eminent domain. Easement. Adverse possession. Quitclaim deed