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erastovalidia [21]
3 years ago
10

What is a limited liability company?

Mathematics
1 answer:
Alla [95]3 years ago
3 0

A Limited Liability Company or LLC is a cross between a corporation and partnership.  It basically combines the protections of a corporation and the flexibility of a partnership. For one, members of this kind of company are not liable for debts and they are able to file an informal tax return.

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