Which of the Following Represents a Difference Between an S

Multiple Choice

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

A) An S corporation can have more than one type of stock outstanding, whereas an LLC can have only one type of stock outstanding.
B) An S corporation can choose to be taxed as a corporation or as a partnership, whereas an LLC is taxed as a corporation only.
C) An S corporation is subject to unlimited personal liability of the owners, whereas an LLC is subject to limited personal liability.
D) An S corporation has no more than 100 stockholders, whereas an LLC can have more than 100 owners (members) .
E) An S corporation's business income is subject to double taxation, whereas an LLC's business income is taxed only once.