A business entity operated and taxed like a partnership,but with limited liability for the owners,is called a
A)limited liability company.
B)general partnership.
C)limited proprietorship.
D)sole proprietorship.
E)corporation.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is a business entity that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This means that the owners (known as members) are not personally liable for the company’s debts or liabilities.

A Business Entity Operated and Taxed Like a Partnership,but with Limited