The limited liability company is most like a(n):
A)general partnership.
B)master partnership.
C)sole proprietorship.
D)S-corporation.

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is most like an S-corporation because both offer pass-through taxation and limited liability protection for owners. In a general or master partnership, all partners have unlimited personal liability for the business's debts and obligations. A sole proprietorship also does not provide limited liability protection.

The Limited Liability Company Is Most Like A(n)