Limited liability companies LLCs) are owned by shareholders with limited liability and its earnings are taxed at the corporate rate.

Name: Limited liability companies LLCs) are owned by shareholders with limited liability and its earnings are taxed at the corporate rate.
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Limited liability companies (LLCs) are typically owned by members, not shareholders, and they are usually taxed as pass-through entities, meaning earnings are taxed at the individual member's tax rate, not at the corporate rate.

Limited Liability Companies LLCs) Are Owned by Shareholders with Limited