Solved

For a Limited Liability Company with 100 Owners

Question 78

Multiple Choice

For a limited liability company with 100 owners,


A) An election can be made to be taxed as a C corporation.
B) The entity is taxed as an S corporation.
C) An election can be made to be taxed as a partnership.
D) Only a.and c.are correct.
E) a. ,b. ,and c.are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: A limited partner in a limited partnership

Q50: The corporate tax rate for a business

Q71: Candace, who is in the 33% tax

Q73: Which of the following entities has limited

Q80: Julie is going to contribute the following

Q81: The profits of a business owned by

Q83: Which of the following statements is correct?<br>A)The

Q84: If a C corporation has earnings and

Q121: A major benefit of the S corporation

Q123: Personal service corporations can offset passive activity