Which of the following legal entities are generally classified as C corporations for tax purposes?
A) Limited Liability Company.
B) S corporations.
C) Limited partnerships.
D) Sole proprietorship.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

C corporations are a specific type of corporation under U.S. tax law, and none of the listed entities (LLC, S corporations, limited partnerships, sole proprietorship) are classified as C corporations by default.

Which of the Following Legal Entities Are Generally Classified as C