Lui is considering forms of business organization for a chain of Magic Trix novelty stores.One advantage of the limited liability company form,with respect to tax options,is its

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The advantage of the limited liability company form with respect to tax options is its flexibility. This means that the LLC can choose to be taxed as a partnership or a corporation, depending on the preferences of the owners. The LLC structure also provides limited liability protection to the owners, meaning that their personal assets are protected from lawsuits or debt related to the business. The lack of accountability (option B) is not a characteristic of a well-run business, and the rigidity (option D) would not provide the needed flexibility for tax options.

Lui Is Considering Forms of Business Organization for a Chain