Determine whether each characteristic describes a general partnership (GP), limited liability company (LLC), both, or neither. Characteristic a. Owners do not have to pay a corporate income tax and do not have unlimited liability b. is identified with the words "LP" c. Must pay a business (corporate) income tax d. Unlike a C Corporation, the business is not required to pay an additional business (corporate) income tax e. The owners are often referred to as members f. Owners have limited liability Type of Organization Limited liability company General partnership Limited liability company