Multiple Choice
Which of the following is a difference between a C corporation and an S corporation?
A) The members of a C corporation have unlimited liability, whereas the members of an S corporation enjoy limited liability.
B) The members of a C corporation have limited liability, whereas the members of an S corporation have unlimited liability.
C) A C corporation is double taxed, whereas an S corporation is taxed as a partnership.
D) A C corporation is taxed as a partnership, whereas an S corporation is double taxed.
Correct Answer:

Verified
Correct Answer:
Verified
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