Which of the following legal entities are generally classified as C corporations for tax purposes?
A)Limited liability companies.
B)S corporations.
C)Limited partnerships.
D)Sole proprietorships.
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

C corporations are a specific type of corporation that is taxed separately from its owners, and none of the entities listed (Limited Liability Companies, S corporations, Limited Partnerships, Sole Proprietorships) are generally classified as C corporations by default. Each of these entities has distinct tax treatments and structures that differ from C corporations.

Which of the Following Legal Entities Are Generally Classified as C