Question

an llc offers:
select one:
a. limited liability and pass-through taxation
b. unlimited liability
c. no filings
d. mandatory double taxation

Explanation:

A Limited Liability Company (LLC) combines limited liability (protecting owners' personal assets from business debts) with pass-through taxation (business income is taxed only at the owner's personal income tax level, avoiding corporate double taxation). Option b is incorrect (unlimited liability applies to sole proprietorships/partnerships), option c is incorrect (LLCs require state filings), and option d is incorrect (double taxation is for C corporations, not LLCs by default).

Answer:

a. Limited liability and pass-through taxation