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Which of the following is not true of limited liability companies? Multiple Choice LLCs enjoy single taxation, being taxed at the owner level LLCs can

Which of the following is not true of limited liability companies?

Multiple Choice

  • LLCs enjoy single taxation, being taxed at the owner level
  • LLCs can be member managed
  • Owners of LLCs enjoy limited liability
  • LLCs are subject to double taxation

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