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As it turns out Mainway Novelties was an LLC. "Johnny Human Torch", "Johnny Space Commander Mask", and "Invisible Pedestrian" costumes have been shocking hits this year. Guess everyone wanted retro costumes. Explain the advantages and disadvantage of an LLC.  

Grading

1. List and explain the advantages of an LLC

2. List a disadvantage of an LLC

3. Use/cite a source outside of the book

Operation Management, Management Studies

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