Which of the following statements is true of a limited liability company (LLC)? a. It...

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Which of the following statements is true of a limited liability company (LLC)? a. It is by far the most common type of business organization in the United States. b. It is required to hold regular board meetings. c. It offers less flexibility than a corporation in terms of tax treatment. d. It is a relatively new form of business ownership in the United States

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