Which form of organization is a taxable entity?
A)Corporation
B)Limited partnership
C)Partnership
D)Sole proprietorship

Name: Which form of organization is a taxable entity? A)Corporation B)Limited partnership C)Partnership D)Sole proprietorship
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Question

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Only corporations are considered taxable entities, meaning they are taxed separately from their owners. The other options pass through profits or losses to their owners, who are then taxed on their individual returns.

Which Form of Organization Is a Taxable Entity