Question: A limited liability company ( LLC ) : Multiple Choice is a hybrid between a sole proprietorship and a partnership. cannot be created for professional

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

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