Limited liability companies (LLCs)and limited partnerships are preferred to corporate ownership structures because these forms of ownership allow investors to obtain limited liability and avoid the double taxation faced by corporations.This tax benefit can be extremely important as the maximum capital gain rate for corporations remains at (as of 2012):

Question

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The maximum capital gain rate for corporations remains at 35% as of 2012.

Limited Liability Companies (LLCs)and Limited Partnerships Are Preferred to Corporate