Which of the following statements about limited liability companies (LLCs) is true?
O 1) LLCs are not corporations.
2) LLCs are like S corporations in that they appeal to small businesses.
3)
LLCs offer their owners the option of being taxed as either a partnership or a
corporation.
4) LLCs are legal in all states in the U.S.
5) All of the above statements about LLCs are true.