The great disadvantage of the LLC is that the managing person stands liable as a general partner.

Question

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The whole point of an LLC is to provide limited liability to its members or owners. This means that they are not personally liable for the debts and obligations of the LLC. While a managing person may have some level of personal liability in certain situations, this is not a general rule and would depend on the specific circumstances of the case.

The Great Disadvantage of the LLC Is That the Managing