Question $11$

$4$

Which of the following represents a difference between an S corporation and a limited liability

company $($LC$)?$

An $ corporation has no more than $100$ stockholders, whereas an L$1$C can have more than $100$ owners

$($members$).$

An $5$ corporation's business income is selject to dable tasabion whereas an LLCs business income is taxed

only once.

An $5$ comporation is subject to unlimited personal Labalty of the amens, whereas an LLC is subject to limited

personal lability.

An $5$ corporation can have more than one tope of stack abituslins, whersas an LLC can have only one type

of stock outstanding.

An $5$ corporation can choose to be tased as a copporation or as a partnership. whereas an LLC is taxed as a

corporation only.