Question

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

Explanation:

An LLC (Limited Liability Company) provides owners with limited liability (protecting personal assets from business debts) and pass-through taxation (profits/losses pass to owners' personal tax returns, avoiding double taxation). Option a is incorrect (no mandatory double taxation), b is incorrect (LLCs require filings), c is incorrect (unlimited liability applies to sole proprietorships/partnerships). Thus, d is the correct characteristic of an LLC.

Answer:

d. Limited liability and pass-through taxation