Problem: A group of individuals plans to start an investment fund and is considering whether to structure it as a Limited Partnership (LP) or a Limited Liability Company (LLC). The fund will generate significant income from dividends, interest, and capital gains. Which entity type might offer more favorable tax treatment for the income generated by the investment fund? A Limited Partnership (LP), because of its pass-through taxation structure. B Limited Liability Company (LLC), due to its flexibility in electing how it is taxed. C Both entities offer similar tax benefits due to their pass-through nature. D The choice depends solely on the liability protection preferences of the investors.