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Business Strategy MCQs

How can you benefit from forming a LLC?

You can create a holding company with several franchises and smaller companies underneath it without paying double taxes

You have limited liability like a corporation, but you do not pay corporate taxes.

You can license patents out to businesses tax free

You can receive protections as a non-profit company

Answer

Correct Answer: You have limited liability like a corporation, but you do not pay corporate taxes.

Explanation:

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