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    Federal Taxation
  4. Exam
    Exam 11: Partnerships: Distributions, Transfer of Interests, and Terminations
  5. Question
    A Limited Liability Company Generally Provides Limited Liability for Those
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A Limited Liability Company Generally Provides Limited Liability for Those

Question 56

Question 56

True/False

A limited liability company generally provides limited liability for those owners that are not active in the management of the LLC but requires owner-managers of the LLC to have unlimited personal liability for LLC debts.

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