Asked by
Rohan Mark Tigga
on Dec 18, 2024
Verified
A limited liability company is incorporated in the state in which it does business.
Limited Liability Company
A corporate framework that merges the tax benefits of a sole proprietorship or partnership with the protective limited liability found in a corporation.
- Understand how limited liability partnerships (LLPs) and limited liability companies (LLCs) protect their owners.
Verified Answer
VJ
Learning Objectives
- Understand how limited liability partnerships (LLPs) and limited liability companies (LLCs) protect their owners.
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