________ are companies that are similar to S corporations but are not restricted with similar eligibility requirements.
A) Regulated equity companies
B) Corporate cooperatives
C) Limited liability companies
D) Private drawing companies

Question

Quizplus · Accepted Answer

Limited liability companies (LLCs) are similar to S corporations in terms of the pass-through taxation treatment and liability protection for owners. However, LLCs do not have the same eligibility requirements that S corporations have, such as being limited to 100 shareholders and having only one class of stock. Therefore, LLCs are a more flexible option for small businesses. Regulated equity companies and private drawing companies are not commonly used business structures, and corporate cooperatives are a specific type of cooperative business.

________ Are Companies That Are Similar to S Corporations but Are