A limited-liability company is
A) taxed like a corporation.
B) taxed like a partnership.
C) similar to a cooperative.
D) always used to organise charitable organisations.
E) the result of a horizontal merger.

Question

Quizplus · Accepted Answer

A limited-liability company (LLC) is typically taxed like a partnership, where the income is passed through to the owners and taxed on their personal tax returns.

A Limited-Liability Company Is