One benefit of a limited liability company is that it offers more flexibility than a corporation in terms of tax treatment; Its owners can elect to have their business taxed either as a corporation or a partnership.

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One of the benefits of a limited liability company (LLC) is that its owners can choose how they want to be taxed. They can elect to be taxed as a pass-through entity (like a partnership) or as a corporation. This can offer more flexibility in terms of tax planning and can potentially result in lower overall taxes for the business and its owners.

One Benefit of a Limited Liability Company Is That It