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Which of the following legal structures separates the owners from personal liability and provides a flexible...

Which of the following legal structures separates the owners from personal liability and provides a flexible allocation of profits and​ losses?

A. S corporation B. Partnership C. Limited partnership D. C corporation E. Limited liability company

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Answer #1

Option no D ( Limited Liabilitiy Company) is correct Answer.

Limited Liability Company is a flexible business structure as LLC separates business and personal liabilities. All owners have shared tax responsibilities.it also provides and flexible allocations of profit & loss.

Apart from.this in S corporation profit and loss is directly passed to owners personal income.

In partnership and limited partnership there is not seperation of business and personal liability.

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