6-Ownership Entities-Chapter 5

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5.6.1. Limited Liability Companies (LLC) Description: LLCs are a popular choice due to their flexibility and limited liability protection for owners (members). They can hold real estate assets and shield members from personal liability. Formation: Governed by Arizona’s Limited Liability Company Act (ARS Title 29, Chapter 4). Management: Managed by members or designated managers. Taxation: […]

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