Which of the following is not correct with respect to limited liability companies?
A) An advantage of an LLC when compared to a C corporation is the ability to pass tax attributes through to the owners.
B) A disadvantage of a partnership when compared with an LLC is the inability of all the owners to have limited liability.
C) An LLC has greater flexibility than does an S corporation in terms of the number of owners,types of owners,and capital structure.
D) All of the above are correct.
E) All of the above are incorrect.
Correct Answer:
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