A limited liability corporation (LLC):
A. is a hybrid between a sole proprietorship and a partnership
B. prefers its profits be taxed as personal income to its owners
C. that meets the IRS criteria to be an LLC will be taxed like a corporation
D. provides limited liability for some, but not all, of its owners
E. cannot be created for profession service firms, such as accountants and attorneys
Answer: B. prefers its profits to be taxed as personal income to its owners