The spread of LLC's resulted from:
A) a United States Supreme Court decision.
B) an Internal Revenue Service ruling.
C) a Wyoming Supreme Court decision.
D) a Securities and Exchange Commission ruling.

Question

Quizplus · Accepted Answer

The spread of LLCs resulted from an Internal Revenue Service ruling in 1988 that allowed LLCs to be treated as partnerships for tax purposes, providing a favorable tax structure for business owners. This led to the widespread adoption of the LLC business structure across the United States.

The Spread of LLC's Resulted From