Limited liability business forms, such as LLCs, LPs, and LLPs, offer tax advantages that are similar to those offered by

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Limited liability companies (LLCs), Limited Partnerships (LPs), and Limited Liability Partnerships (LLPs) offer tax advantages similar to those of an S corporation, such as pass-through taxation, where the income is not taxed at the company level but passed through to the owners or partners to be reported on their individual tax returns.

Limited Liability Business Forms, Such as LLCs, LPs, and LLPs