Which of the following characteristics of an LLC is similar to that of limited partnerships and S corporations?
A) An LLC has flow-through taxation.
B) An LLC does not have to file a form with the IRS to obtain flow-through taxation.
C) An LLC can have more than one class of stock, thereby permitting a more complex capital structure.
D) An LLC may not own more than 80 percent of another corporation.
Correct Answer:
Verified
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