Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Often used as an alternative to a partnership
A)Proprietorship
B)Partnership
C)Corporation
D)Limited liability company (LLC)

Question

Quizplus · Accepted Answer

Limited liability companies (LLCs) are often used as an alternative to a partnership because they offer the same pass-through taxation and flexibility in management, but with limited liability protection for owners.

Match the Following Characteristics with the Form of Business Entity