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LLC Rules are similar to a proprietorship for single-member LLCs and to a partnership for multiple-member LLCs. Directors are responsible for major decisions including selection of company officers. LLC Single-owner LLCs operate like sole proprietorships multiplemember LLCs operate and are taxed like elect to treat and tax an LLC as an S or C corporation if they wish. Org 2010 American Institute of CPAs The AICPA has joined the U.S. Small Business Administration SBA an independent agency of...
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