Which of the following is FALSE?
A) Investors in a limited liability company have limited liability.
B) The profits of an LLC are transferred to the owners' personal tax returns.
C) LLCs are generally less flexible than corporations.
D) All of the above.
Correct Answer:
Verified
Q39: Corporations
A) must have a board of directors
Q40: The discussions and votes during a corporation
Q41: S corporations
A) have fewer restrictions than C
Q42: The investors in a limited liability company
Q43: "Members" are the owners of a(n)
A) partnership.
B)
Q45: Limited liability companies
A) are often recommended for
Q46: With a limited liability company,
A) the profits
Q47: A legal agreement between two parties to
Q48: Excise taxes must be paid by the
A)
Q49: Social security tax is paid by
A) the
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