Which of the following is a key distinction between corporations and limited liability corporations (LLCs) ?
A) Corporations are distinct legal entities for the purpose of taxes, but LLCs are not.
B) Corporations shield owners from legal liabilities, but LLCs do not.
C) Corporations can borrow money, but LLCs cannot.
D) Corporations can issue stock, but LLCs cannot.
Correct Answer:
Verified
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