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List the general requirements of an LLC, partnership and corporation. Find an example of a business organization that is an LLC. Discuss why this company preferred to be formed as an LLC instead of a partnership or a corporation. Describe at least one advantage or disadvantage of the LLC form for the company.

List the general requirements of an LLC, partnership and corporation. Find an example of a business organization that is an LLC. Discuss why this company preferred to be formed as an LLC instead of a partnership or a corporation. Describe at least one advantage or disadvantage of the LLC form for the company.

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