What is an LLC?

LLCs offer the benefits of both ______________ and partnerships.

An LLC is popular because of it's _____________ of operating.

• benefits for the owner

• simplicity

• inflexibility

• problematic issues

Forming an LLC provides _______________ for the owner.​ (a)  

• protection
• exposure
• susceptibility
• open barrier

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What are two benefits of opening an LLC?

True or False: LLCs offer flexibility in raising capital to support its operations.