Uchechi is starting a new company and needs to choose a business form. She wants a business form that will allow her to avoid double taxation during the first few years of her business (because she plans to use all of her profits to grow the business and won't be taking any distributions for herself, so her profits will only be taxed once at the lower corporate tax rate), and then single taxation after that (because she will then start taking distributions for herself, and she doesn't want those distributions to be double taxed). Which business form will allow her to do this?
Group of answer choices
Limited partnership (LP)
Limited liability limited partnership (LLLP)
Limited liability company (LLC)
Sole proprietorship