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Which one of the following is false regarding LIMITED LIABILITY COMPANIES (LLCs)? LLC creditors have no claim to the personal assets of LLC member/owners. O

Which one of the following is false regarding LIMITED LIABILITY COMPANIES (LLCs)? LLC creditors have no claim to the personal assets of LLC member/owners. O LLCs can elect to be taxed as a corporation. O LLCs offer the liability protection of a corporation but the advantages of partnership taxation. O Upon liquidation of an LLC, assets are distributed to member/owners before LLC creditors

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