One attractive alternative to the corporation for a small business is the because it combines the tax benefits of a partnership with the limited liability of a corporation.

Limited liability company

Explanation:

A limited liability company combines both the features of a partnership and a corporation.

The feature of a partnership a llc incorporates is the tax Benefits. The llc profits is taxed once, corporate profits aren't taxed.

The feature of a corporation a llc incorporates is its limited liability. The liability of members is limited to the amount invested in the company.

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