Which of the following is a reason to form a limited liability company rather than an S corporation?

There is no limit on the number of owners of a limited liability company whereas the number of shareholders of an S corporation is limited.

All owners of a limited liability company have limited liability, but not all owners of an S corporation have limited liability.

A limited liability company can be formed without formalities such as filing papers with the state whereas an S corporation requires papers to be filed with the state.

A limited liability company acts as a flow-through entity for income tax purposes, but an S corporation does not.