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August 9, 2021

Assume you are a practicing tax professional and your client has questions about starting a new business. You

Business & Finance /Accounting

Assume you are a practicing tax professional and your client has questions about starting a new business. Your client is curious about the limited liability company (LLC) and wants to know whether to incorporate as an LLC. Prepare a professional response to your client and provide at least two benefits and two drawbacks to the LLC form. Participate in follow-up discussion by identifying circumstances that would make an LLC an appropriate choice of business formation.

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