Which of the following is true of LLC (limited liability company) taxation?
A) An LLC is taxed as a corporation in all general cases.
B) Income or losses of an LLC do not flow through to the members' individual income tax returns.
C) Members of an LLC are subject to double taxation.
D) An LLC is not taxed at the entity level.
Correct Answer:
Verified
Q1: Limited liability companies are created by federal
Q2: The income or losses of a limited
Q3: An LLC (limited liability company) is a(n)
Q4: A(n) _ is a special form of
Q5: A member or a shareholder is the
Q7: In states where an LLC may be
Q8: _ refer to the formal documents that
Q9: An limited liability company that is organized
Q10: A limited liability company is taxed at
Q11: The Uniform Limited Liability Company Act (ULLCA)
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