Which of the Following Describes a Limited Liability Company

Multiple Choice

Which of the following describes a limited liability company?

A) Entities with limited lives that a company creates to achieve a specific objective.
B) An association of two or more entities for the purpose of achieving a specific goal.
C) Corporations that U.S.tax laws treat as partnerships,and they do not pay income taxes.
D) A special type of partnership that confines the limited partner's potential loss to the amount of his or her investment.