Question

multiple choice 2 points members are not personally liable for the companys debts. llcs are taxed on a \pass - through\ basis - all profits and losses are filed through the members personal tax return. llc s corporation sole proprietorships c corporation

Explanation:

LLCs (Limited - Liability Companies) offer limited liability to their members, meaning members are not personally liable for the company's debts. Also, they are taxed on a "pass - through" basis where profits and losses are reported on members' personal tax returns. Other business structures like sole proprietorships have unlimited personal liability, and C - corporations are subject to double - taxation. S - corporations also have pass - through taxation but have other restrictions.

Answer:

LLC