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21 May

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Limited Liability Company (LLC)

May 21, 2014 | By |

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A Limited liability company combines the personal liability protections of a corporation and the pass-through tax benefits of a partnership or sole proprietorship. Owners of LLCs typically are called members and share equally in the management responsibilities of the company. LLCs may also choose to appoint certain owners or outside personnel to manage business operations.

 

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