Though they may elect a different structure,for tax purposes,LLCs are typically treated as
A) nonprofit organizations.
B) hybrid entities.
C) corporate tax entities.
D) pass-through entities.
Correct Answer:
Verified
Q38: About half of the states provide the
Q39: A personal guarantee is a pledge from
Q40: An LLC can last until a specified
Q41: LLCs were originally created by the
A) New
Q42: Formation of an LLC requires the filing
Q44: Personal financial contributions may be required by
Q45: Carlos is a member of an LLC
Q46: In 1997,the IRS made LLCs
A) more attractive
Q47: Typically,day-to-day decision making in a manager-managed LLC
Q48: An LLC offers principals the same liability
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