Which of the following forms of business faces double taxation?
A) S Corporation
B) Professional corporation
C) Corporation
D) Limited liability companies

Question

Quizplus · Accepted Answer

Corporations face double taxation. This means that the corporation is taxed for its profits and the shareholders are taxed for their dividends or distributions. Other forms of business, such as S Corporations, professional corporations, and limited liability companies, do not face double taxation.

Which of the Following Forms of Business Faces Double Taxation