Which of the following, if any, correctly describe the status or nature of limited liability companies?
A) Can elect partnership tax status even if incorporated under state law.
B) One of the main reasons why the check-the-box Regulations were issued.
C) Cannot elect to be taxed as a corporation.
D) Statutes creating these entities have been adopted by only a minority of the states.
E) None of the above.
Correct Answer:
Verified
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