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Why is limited liability advantageous for a business organization

2 Answers

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Answer:

if something goes wrong, the company and not the people are responsible or liable

Step-by-step explanation:

answered
User Uem
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Answer:

No restrictions on the number of members allowed. Members have flexibility in structuring the company management. Does not require as much annual paperwork or have as many formalities as corporations. Owners are not personally responsible for business debts and liabilities.

Step-by-step explanation:

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User James Youngman
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