Question

which of the following types of business ownership has the advantages of pass - through taxation and liability protection? a. a sole proprietorship b. an llc c. a c corporation d. a partnership

Explanation:

es pass to owners' personal tax returns) with liability protection (owners' personal assets are shielded from business debts).

• A C corporation is taxed as a separate entity (double taxation) and has liability protection, so it does not meet the pass-through requirement.
• A partnership has pass-through taxation but general partners have personal liability for business obligations.

Answer:

es pass to owners' personal tax returns) with liability protection (owners' personal assets are shielded from business debts).

• A C corporation is taxed as a separate entity (double taxation) and has liability protection, so it does not meet the pass-through requirement.
• A partnership has pass-through taxation but general partners have personal liability for business obligations.