A limited liability company:A. is a hybrid between a sole proprietorship and a partnership. B. prefers its profits be taxed as personal income to its owners. C. that meets the IRS criteria to be an LLC will be taxed like a corporation. D. provides limited liability for some, but not all, of its owners. E. cannot be created for professional service firms, such as accountants and attorneys.
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Home » Business » A limited liability company:A. is a hybrid between a sole proprietorship and a partnership. B. prefers its profits be taxed as personal income to its owners. C. that meets the IRS criteria to be an LLC will be taxed like a corporation. D.