Question: Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead of a general partnership. a. How would Suz-Anna's

Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead of a general partnership.

a. How would Suz-Anna's ending liabilities be treated?

b. How would Suzy's basis and amount at risk be different?

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a Recourse debts are debts for which at least one partner or LLC member has an economic risk of loss ... View full answer

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