One reason limited liability companies have become so popular is that they
(1) can be t...
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One reason limited liability companies have become so popular is that they
(1) can be taxed either as a corporation or as a partnership, so owners can choose the tax treatment that is most advantageous for their situation.
(2) have unlimited life.
(3) permit owners to avoid paying self-employment taxes on the company's profits.
(4) allow owners to sell their interests in the company without requiring approval from other owners.
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