Limited liability company form of ownership

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Reference no: EM13762084

Which of the following is true about choosing a limited liability company form of ownership?

It has no disadvantages except its newness.

It is ideal for a new company but difficult to convert to with an existing company.

It is inexpensive, easy to form, and covered by little regulation due to its newness.

It's an excellent conversion vehicle for existing businesses that are suffering from double taxation but problematic for sole proprietorships.

Reference no: EM13762084

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