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An Important Factor to Consider When Determining How to Organize

Question 23

Multiple Choice

An important factor to consider when determining how to organize a business is that:


A) members of an LLC have unlimited liability and are taxed like members of a partnership.
B) for accounting purposes,a proprietorship is a distinct entity,separate from the proprietor.
C) partnerships are subject to double taxation.
D) a corporation is not legally distinct from its owners.

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