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LLCs allow a business to have the limited personal liability of a corporation as provided by state law, while being treated as a partnership for purposes of Federal tax laws. That is the trade off you make to get the Partnership tax status and greater management flexibility. Limited Liability Companies generally restrict the transfer of ownership interests in the business to make sure the business is classified as a Partnership under federal tax law.
An LLC usually has a limited existence in that it will end after a specified number of years or upon the occurrence of some specified event.
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The identity theft victim's creditworthiness, and consequently the ability to make business loan payments in a online casino tropez promoredirect manner, can be adversely affected.
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