In a(n)________,owners are taxed like partners but have limited liability.

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Limited liability corporations (LLCs) offer the tax benefits of a partnership with the limited liability protection of a corporation. Owners, known as members, are not personally liable for the LLC's debts and liabilities. Instead, the LLC itself is liable. Additionally, LLCs can choose how they are taxed - as a sole proprietorship, partnership, S-corporation, or C-corporation. This flexibility allows LLCs to choose the tax structure that best suits their needs.

In A(n)________,owners Are Taxed Like Partners but Have Limited Liability