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Home Q & A Board Humanities Legal Studies
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Azzizi Azzizi
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7 years ago
How does a limited liability company (LLC) differ from a Subchapter S corporation?
A) An LLC is taxed at a higher rate than a Subchapter S corporation.
B) There is no limit on the number of members in an LLC, whereas a Subchapter S corporation limits the number of members to 35.
C) An LLC is taxed as a corporation, whereas a Subchapter S corporation is taxed as a partnership.
D) The liability limit for members of an LLC is higher than that for a Subchapter S corporation.
Textbook 
The Legal Environment of Business

The Legal Environment of Business


Edition: 7th
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eshreemeshreem
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