A limited liability company:
A)Is subject to double taxation normally.
B)Is taxed as a partnership normally.
C)Is taxed as an S corporation normally.
D)Only a.and c.
E)a. ,b. ,and c.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is typically taxed as a partnership, meaning it enjoys pass-through taxation where income is taxed at the individual level rather than at the corporate level.

A Limited Liability Company