A _____ offers the same liability protection as a corporation but may be taxed as either a partnership or a corporation.
A)limited liability company
B)C corporation
C)cooperative
D)joint venture
E)franchise

Question

Quizplus · Accepted Answer

A limited liability company (LLC) offers the same liability protection as a corporation but has the flexibility to be taxed as either a partnership or a corporation, depending on the preferences of its owners.

A _____ Offers the Same Liability Protection as a Corporation