Why does the llc not want to be treated like a corporation


Problem

A. What are the six attributes of a corporation?

a. Which are automatically relevant to the LLC?
b. Which two corporate attributes are usually dropped in an LLC?

B. Why does the LLC not want to be treated like a corporation?

C. Why does the name of the LLC have to include an indication that it is an LLC?

D. LLCs do not allow too-free transferability of interest. How did LLCs manage to achieve this requirement?

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Business Law and Ethics: Why does the llc not want to be treated like a corporation
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