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Which of the following statements is TRUE for a limited liability company? A. Members are not personally liable for the debts of the business. B.

Which of the following statements is TRUE for a limited liability company?

Members are not personally liable for the debts of the business.

Only the limited partners have limited liability for the debts of the business.

Members have unlimited liability for the debts of the business.

Members are not taxed like members of a partnership.

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