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QUESTION

Brady is starting a new business where he will be the only owner.

Brady is starting a new business where he will be the only owner. He would like to have limited liability, but he would prefer flow-through taxation because he expects to have losses in the first few years. He is not concerned about incurring self-employment taxes. He does not want to have to file a separate tax return for the entity. Which of the following entities would best suit Brady's needs?

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