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which entity will meet the following requirements 1. unlimited number of owners 2. limited liability 3. self-employment tax on all income

1 Answer

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Answer: Limited Liability Company (LLC)

Step-by-step explanation:

Limited Liability Companies are allowed to have as many owners (members) as possible and all these owners have limited liability in case the business defaults on its debt obligations.

LLCs also pay self-employment tax on income as a replacement for the Medicare and Social Security taxes the members would have paid if they were employed by an entity.

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