Which of the following statements regarding limited liability companies is true?
A) Just like an S corporation,an LLC member's share of ordinary income is not subject to self-employment taxes.
B) Just like an S corporation,an LLC is restricted to 100 members.
C) Because LLCs are a relatively new organizational form,many tax questions concerning their operation have yet to be resolved.
D) Just like a limited partnership,only LLC members who are not actively involved in the entity's business activities have limited liability for the LLC's debts.
Correct Answer:
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