Foundations of Business - Standalone book (MindTap Course List)
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
Book Icon
Chapter 4, Problem 15CC
Summary Introduction

To determine: The difference between S corporation and a limited liability company.

Introduction: A limited liability company (LLC) is a business association that has a few advantages of an enterprise or corporation and a portion of a constrained organization. A LLC is a entity form that gives proprietors the advantages of owning an enterprise while keeping up the benefits of a limited partnership.

Blurred answer
Students have asked these similar questions
Can you please give me the correct answer, the one selected is wrong
Can you help me answer the following questions, the ones selected are wrong
Can you please give me the correct answer, the one selected is wrong
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning