It is expected that in the future,the limited liability company will in many instances replace which of the following forms of business ownership?

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The limited liability company (LLC) provides the benefits of limited liability to its owners and the tax advantages of a partnership. This makes it a popular choice for business owners who want to protect their personal assets while also having flexibility in management and taxation. General partnerships, limited partnerships, and close corporations do not offer the same level of protection or flexibility, so it is likely that in the future, many businesses will choose to operate as LLCs instead.

It Is Expected That in the Future,the Limited Liability Company