An LLC is a legal entity with the authority to conduct business in its own name.
Correct Answer:
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Q16: Limited partners may sue their partnership's general
Q17: It is impossible to form a business
Q18: A limited partner loses his limited liability
Q19: A limited partner can never lose money.
Q20: The general partner of a limited partnership
Q22: When no LP certificate is filed, what
Q23: Managers of an LLC have the same
Q24: Each limited partner in a limited partnership
Q25: The dissolution and winding up of a
Q26: The partners who manage the limited partnership
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