A corporate form that enjoys the pass-through tax benefits of partnerships in addition to the limited liability of a C-corporation is known as a ____.
A)multinational corporation
B)secret partnership
C)silent partnership
D)limited liability company (LLC)
E)closely held partnership

Question

A corporate form that enjoys the pass-through tax benefits of partnerships in addition to the limited liability of a C-corporation is known as a ____. ​
A)multinational corporation
B)secret partnership
C)silent partnership
D)limited liability company (LLC)
E)closely held partnership

Quizplus · Accepted Answer

A Limited Liability Company (LLC) combines the pass-through taxation benefits of a partnership with the limited liability features of a corporation, making it a popular choice for business owners seeking both advantages.

A Corporate Form That Enjoys the Pass-Through Tax Benefits of Partnerships