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[DOC File]Better Business, 2e (Solomon)
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One drawback of forming a corporation is that it subjects the firm to limited liability.
disadvantages of limited liability company

[DOC File]Small Disadvantaged Business Certification Application
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69) A disadvantage of a limited liability company is that it _____. A) requires earnings to be taxed at the corporate rate. B) must dissolve when an owner leaves the company . C) requires the division of profits in a fixed proportion. D) has more restrictive ownership rules than S corporations. Answer: B
advantage of limited liability

22 Limited Liability Company Advantages and Disadvantages - Bra…
Limited Liability Companies. ... What is the disadvantage of including an expansive purpose clause that allows a company to transact “any and all lawful business,” in an LLC’s articles of organization? It grants the members and managers authority to act on behalf of the LLC in any lawful business. Thus a member or manager may bind the LLC ...
limited liability advantage and disadvantage

[DOC File]Limited Liability Companies
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For Limited Liability Company. Business Profile: ... (A claim of social disadvantage must include at least one objective feature that has contributed to social disadvantage, such as race, ethnic origin, gender, physical handicap, long-term residence in an environment isolated from the mainstream of American society, or other similar causes not ...
limited liability partnership advantages

Disadvantage of limited liability