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Chapter 12 Flashcards Quizlet
WebJul 12, 2024 · A limited liability company (LLC) is a form of business that combines the characteristics of a partnership and a corporation. Like a corporation, the owners have limited liability protection, but the company operates and the owners are taxed under more flexible operating rules like a partnership. WebLimited Liability Company (LLC) Limited liability companies (LLCs) in the USA, are hybrid forms of business that have characteristics of both a corporation and a partnership or sole proprietorship. An LLC is easier to establish. It is not incorporated; hence, it is not considered a corporation. However, the owner/s enjoy limited liability like ... how to measure building height from grade
Practice Ch 1 Introduction to Financial Management wk 1 .docx
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