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Q What is an LLC and how can you benefit by owning one A Many people mistake the acronym LLC as meaning a Limited Liability Corporation when an LLC doesn t create a corporation at all. LLC is the acronym for a Limited Liability Company. A multiple member LLC is when you have partners and for all intents and purposes is a partnership. There is no better type of LLC. To ask a question for this column or to receive Medico s free Estate Planning Survival Guide visit his website at www....
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