Question

An llc offers personal liability protection while also keeping the advantage of __________.

Answer 1

The answer is double taxation

Answer 2

I believe the answer is: pass-through taxation

pass-through taxation refers to the methods that the owner of businesses can use to pay their taxes based on the profit that obtained by the businesses rather than their personal wealth. Usually could only be done if they run sole proprietorships, partnerships, or Corporations as their type of businesses.