Which of the following combines the tax advantages of the partnership and the corporation

Question

Quizplus · Accepted Answer

An S Corporation combines the tax advantages of a partnership (pass-through taxation) with the liability protection of a corporation. This means that the profits and losses of the business pass through to the owners' personal tax returns and are only taxed once, while also providing protection for the owners' personal assets in case of business liabilities. Therefore, an S Corporation is the best choice that combines the tax advantages of a partnership and a corporation.

Which of the Following Combines the Tax Advantages of the Partnership