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aivan3 [116]
1 year ago
8

Today, _______ recognize LLCs and provide both procedural (formation) and internal default rules (in the event the parties are u

nable to agree otherwise) for the operation of LLCs.
Business
1 answer:
prohojiy [21]1 year ago
6 0

Today, all states recognize LLCs and provide both procedural (formation) and internal default rules (in the event the parties are unable to agree otherwise) for the operation of LLCs.

<h3>What is LLC?</h3>
  • A limited liability corporation (LLC) is a private limited company in the US. It is a type of company form that can combine the limited liability of a corporation with the pass-through taxation of a partnership or sole proprietorship.
  • According to state law, an LLC is not a corporation; rather, it is a type of firm that offers its owners limited liability in many jurisdictions.
  • The freedom that LLCs give business owners is well recognized; depending on the scenario, an LLC may choose to use corporate tax laws rather than being classified as a partnership, and, in some cases, LLCs may be structured as not-for-profit entities. Businesses that offer professional services in some states of the United States must have a state professional license.

To learn more about LLC with the given link

brainly.com/question/15181909

#SPJ4

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