The Limited Liability Companies Self-Quiz

 

 

 

 

 

 

 

The Limited Liability Corporation (LLC) business form combines which of the following desirable characteristics from their constituent primary forms:
Choice 1 The double taxation of corporations and the ease of formation of partnerships
 Choice 2 The pass-through taxation of partnerships and the limited liability of corporations
 Choice 3 The ease of formation of sole proprietorships and the tax characteristics of an S Corporation
 Choice 4 The flexibility of professional companies and the tax characteristics of sole limited liability partnerships

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