menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Entrepreneurship Study Set 2
  4. Exam
    Exam 5: Forms of Business Ownership
  5. Question
    Like an S Corporation, a Limited Liability Company Does Not
Solved

Like an S Corporation, a Limited Liability Company Does Not

Question 94

Question 94

True/False

Like an S corporation, a limited liability company does not pay income taxes; its income flows through to its owners, who pay taxes on their shares of the limited liability company's net income.

Correct Answer:

verifed

Verified

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

Related Questions

Q2: Which of the following is not true

Q15: What is a partnership? Explain the advantages

Q25: A disadvantage of the corporate form of

Q26: Corporations must obtain a federal charter before

Q64: Some forms of ownership are much more

Q90: Income from a joint venture is taxed

Q91: In a professional corporation, all shares of

Q94: An S-corporation form of ownership overcomes which

Q96: Which of the following documents must an

Q120: An S-corporation maintains the advantages of the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines