Q 1.Which of the following is true of limited liability companies (LLCs)? 2.All of the following are true of S corporations except ________. 3.________ cannot distribute dividends. 4.A ________ is a temporary association of individuals or firms organized to perform a specific task that requires a large amount of capital while a _______ is an agreement between two or more groups to form a business entity in order to achieve a specific goal.

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