A limited liability company offers the tax advantages of a ________ and the liability advantages similar to a ________, while also allowing for unlimited shareholders.

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A limited liability company (LLC) combines the tax advantages of a partnership, where profits and losses can pass through to the owners without being taxed at the company level, with the liability protection similar to that of a corporation, which limits the owners' losses to their investment in the company.

A Limited Liability Company Offers the Tax Advantages of a ________