In a limited liability company, the profits and losses flow through directly to the owners.

Name: In a limited liability company, the profits and losses flow through directly to the owners.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a limited liability company (LLC), the profits and losses indeed flow through directly to the owners (members), and they report this income on their personal tax returns, avoiding the double taxation that corporations can face.

In a Limited Liability Company, the Profits and Losses Flow