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Author Question: Because a partnership is a pass-through entity rather than a taxable entity, partnerships need not ... (Read 69 times)

fnuegbu

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Question 1

An LLC that elects to be taxed like a partnership is also classified as a partnership for legal purposes.
◦ true
◦ false

Question 2

Because a partnership is a pass-through entity rather than a taxable entity, partnerships need not file tax returns.
◦ true
◦ false


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Marked as best answer by fnuegbu on Sep 13, 2020

duke02

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fnuegbu

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


Jsherida

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Reply 3 on: Yesterday
Excellent

 

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