Question

question 5 (10 points)
a limited liability company (llc) is a hybrid entity that combines the limited liability of a corporation and the tax advantages of a partnership.
true
false
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Explanation:

A limited liability company (LLC) indeed combines the limited liability protection of a corporation (owners' personal assets are generally protected) and the tax advantages of a partnership (pass - through taxation, avoiding double - taxation like in a C - corporation).

Answer:

True