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

Question

Quizplus · Accepted Answer

Limited Liability Company, S corporations, Limited partnerships, and Sole proprietorship are all classified as pass-through entities for tax purposes, meaning their profits and losses are passed through to the owners' personal tax returns. C corporations, on the other hand, are taxed as separate entities, and therefore, none of the given entities are classified as C corporations for tax purposes.

Which of the Following Legal Entities Are Classified as C