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Limited liability companies are primarily designed to a allow a portion of their owners to enjoy limited liability while granting the other portion of their owners control over the entity

Limited liability companies are primarily designed to: (a). allow a portion of their owners to enjoy limited liability while granting the other portion of their owners control over the entity. (b). provide the benefits of the corporate structure to foreign-based entities. (c). spin off a wholly owned subsidiary. (d). allow companies to reorganize themselves through the bankruptcy process. (e). provide limited liability while avoiding double taxation.

 

Aug 17 2020 Read more Less More

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