The business form that is taxed as a partnership and gives all owners limited liability,is a:

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. All owners, called members, have limited liability, meaning their personal assets are protected from the debts and liabilities of the LLC. Additionally, the LLC is taxed as a partnership, with profits and losses passing through to the members to report on their individual tax returns. Therefore, option C is the correct answer.

The Business Form That Is Taxed as a Partnership and Gives