Which organization(s) is/are characterized by single taxation and limited liability to all owners?
A) S corporations.
B) Limited liability partnerships (LLPs).
C) Limited liability companies (LLCs).
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above options, S corporations, Limited Liability Partnerships (LLPs), and Limited Liability Companies (LLCs), are characterized by offering limited liability to all owners and are taxed once at the owner level, avoiding the double taxation that C corporations face.

Which Organization(s) Is/are Characterized by Single Taxation and Limited Liability