uestion 5 of 5 ew Policies urrent Attempt in Progress Limited Liability Companies (LLCs) are gaining in popularity over sub-chapter S corporations because -/1 O sub-chapter S corporations are being phased out by the government which is promoting LLCs as they require less paperwork on the part of the IRS. O sub-chapter S corporations are being taxed at a higher rate by the IRS. O they are simpler when it comes to paperwork, offer some of the same tax advantages, and also protect members from unlimited financial exposure. O LLCS offer better liability protection to their members. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit An