Sole Proprietorships That Are Not Organized as LLCs are not treated as legal entities separate from their individual owners.Correct Answer:

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Correct Answer:
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Q5: C corporations and S corporations are separate
Q6: Corporations are legally better suited for taking
Q7: Sole proprietors are subject to self-employment taxes
Q8: Unincorporated entities with only one individual owner
Q9: S corporations have more restrictive ownership requirements
Q11: Shareholders of C corporations receiving property distributions
Q12: Limited partnerships are legally formed by filing
Q13: Unincorporated entities are typically treated as flow-through
Q14: LLC members have
Q15: In certain circumstances, C corporation shareholders can
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