Which form of business organization allows shareholders to be taxed as partners while still retaining their limited liability status?

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S Corporations are a special type of corporation that allows shareholders to be taxed as partners while still retaining their limited liability status. This means that the income and losses of the S Corporation flow through to the shareholders' personal tax returns, allowing them to avoid double taxation that occurs with traditional corporations. Additionally, S Corporations have the same protections and advantages of a traditional corporation, such as limited liability and perpetual existence.

Which Form of Business Organization Allows Shareholders to Be Taxed