One reason limited liability companies have become so popular is that they
A) can be taxed either as a corporation or as a partnership, so owners can choose the tax treatment that is most advantageous for their situation.
B) allow owners to sell their interests in the company without requiring approval from other owners.
C) have unlimited life.
D) permit owners to avoid paying self-employment taxes on the company's profits.
Correct Answer:
Verified
Q245: Earnings of C corporations can be
A) taxed
Q246: The income generated by S corporations
A) passes
Q247: Which of the following is normally considered
Q248: _ are companies that are similar to
Q249: A separation between ownership and management is
Q251: What entity elects the board of directors
Q252: One reason many companies do not organize
Q253: One disadvantage of _ is the initial
Q254: The organizational structure of a corporation permits
A)
Q255: The form of business ownership that usually
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents