Compared to a general corporation, the LLC offers simplicity of management and operations and the tax passthrough, which eliminates the problem of double taxation.

Question

Compared to a general corporation, the LLC offers simplicity of management and operations and the tax pass­through, which eliminates the problem of double taxation.

Quizplus · Accepted Answer

An LLC (Limited Liability Company) does offer simplicity of management and operations and the tax pass-through, which eliminates the problem of double taxation, as compared to a general corporation.

Compared to a General Corporation, the LLC Offers Simplicity of Management