Which of the following is one of the greatest advantages that comes with a Limited Liability Company (LLC)? LLes can only be formed by those who provide services that require a professional state license. members are prohibited from designating a group including nonmembers to manage the LLC. It get protection like a corporation but it avoids the double taxation of a corporation. Members are required to participate in active management of the company. Paul has outstanding debts but owns investments that are profitable. Paul needs help keeping his debts from overwhelming him but he wants to make sure he keeps his investments and his current assets. He agrees to set up a payment plan with the bankruptcy court and creditors for the next five years to pay off his debts. This is an example of? Chapter 11 Bankruptcy Chapter 7 Bankruptcy Chapter 12 Banknuptcy Chapter 15 Bankruptcy Chapter 13 Bankruptcy