Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 5.3, Problem 8TP
Summary Introduction

To determine: The reason for which many of the new businesses choose limited liability company (LLC)” form of ownership.

Introduction:

The Company where the liability of the owners are extended only up to the capital invested by them is known as the limited liability companies.

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What are the advantages and disadvantages of corporation as form of business ownership?
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