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Author Question: A coop need not be incorporated. Indicate whether the statement is true or ... (Read 45 times)

RODY.ELKHALIL

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on: Jun 24, 2018
A coop need not be incorporated.
  Indicate whether the statement is true or false

Question 2

All of the following statements concerning LLC's are incorrect except: ______.
 A) Federal income tax is due on its income as an entity.
 B) Income flows through to the members based on their proportionate interests in the company.
 C) No filing is necessary to form a limited liability company.
 D) All members enjoy unlimited liability.


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mjenn52

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


RODY.ELKHALIL

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  • Posts: 591
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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