S corporations have fewer restrictions than do C corporations.
Correct Answer:
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Q6: General partners have unlimited liability.
Q7: Limited partners may not take an active
Q8: A limited partnership ends if a limited
Q9: The owners of a corporation are known
Q10: With an S corporation, the corporation's profits
Q12: Limited liability companies are often recommended for
Q13: Laws concerning limited liability companies vary from
Q14: A limited liability company provides limited liability
Q15: Federal taxes paid by a company might
Q16: A proprietor pays self-employment tax instead of
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