Which of the following is a difference between limited liability companies (LLCs) and S corporations?
A) LLCs are taxed as partnerships,whereas S corporations are taxed as corporations.
B) LLCs are found only in the United States,whereas S corporations are present worldwide.
C) LLCs are very simple to run,whereas S corporations are not.
D) LLCs provide limited liability to owners,whereas S corporations do not.
E) LLCs require the members to hold meetings,whereas S corporations do not.
Correct Answer:
Verified
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