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