Question

Which of the following types of business ownership has the advantages of pass-through taxation and liability protection?

Answer 1

LLC (Limited Liability Company).

Step-by-step explanation:

A LLC company is a corporate structure where the owner or owners are not directly responsible for the company's liabilities, debts or taxes.

These kind of companies do not pay taxes themselves, instead, profit, losses, and any other financial movement will go to the owner's tax returns.

Answer 2

The type of business ownership that has the advantages of pass-through taxation and liability protection is a corporation. I hope my answer has come to your help. God bless and have a nice day ahead! Feel free to ask more questions.