Multiple Choice
Which of the following statements is incorrect?
A) The number of owners of an LLC is not limited.
B) If the LLC has three or more corporate characteristics, it will be taxed as a C corporation.
C) An LLC can elect to be taxed as a C corporation or as a partnership.
D) Only a. and c.
E) a., b., and c. are incorrect.
Correct Answer:
Verified
Correct Answer:
Verified
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