Question

which type of partnership acts similar to a corporation and a partnership? limited partnership general partnership limited liability company (llc) rewatch submit

Explanation:

A Limited Liability Company (LLC) combines features of a corporation (like limited liability for owners) and a partnership (like flexible management and pass - through taxation). A Limited Partnership has general partners with unlimited liability and limited partners with limited liability, and it doesn't have the same corporate - like features as an LLC. A General Partnership has all partners with unlimited liability and doesn't have the corporate - like limited liability aspect. So the entity that acts similar to both a corporation and a partnership is an LLC.

Answer:

C. Limited Liability Company (LLC)