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Two people form a limited liability company to run a photography business. They both manage the LLC and split profits equally. A disappointed vendor argues that, because there are two owners carrying on a business for profit, the LLC must also be treated as a general partnership.
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The LLC is also a general partnership because any business with two owners is a partnership. The LLC becomes a general partnership if its members manage it directly. The LLC becomes a general partnership if it shares net profits with its members. The LLC is not a general partnership merely because two people own and operate it through that statutory entity.

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