Which of the following represents a difference between an S corporation and a limited liability company $($LLC$)?$

An S corporation can have more than one type of stock outstanding, whereas an LLC can have only one type of stock outstanding.

An $S$ corporation is subject to unlimited personal liability of the owners, whereas an $LLC$ is subject to limited personal liability.

An S corporation has no more than $100$ stockholders, whereas an LLC can have more than $100$ stockholders $($members$).$

An S corporation's business income is subject to double taxation, whereas an LLC$\text{'}$s business income is taxed only once.

An S corporation can choose to be taxed as a corporation or as a partnership, whereas an LLC is taxed as a corporation only.