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(a) A limited liability company is a “”business”” as defined in
§ 26101 of Article I of Chapter 26 of Title 11, Guam Code Ann., and is subject to the taxes imposed under Chapter 26 of Title 11, Guam Code Ann..

(b) The income of a limited liability company organized pursuant to this chapter shall be subject to the Guam’s Tax Code and the taxes levied pursuant to Chapter 26 of Title 11, Guam Code Ann..