Select either "Yes" or $"$No$"$ to indicate whether the following advantages are applicable to a limited liability company and$/$or to an S corporation.

Limited Liability

Company S Corporation

a$.$ Has limited liability

b$.$ Provides the greatest flexibility in terms of the number of owners

c$.$ Taxed as $($or similar to$)$ a partnership

d$.$ Losses can be passed through and deducted by the owners