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Author Question: Which of the following isnotan advantage of a limited liability company (LLC)? (Read 417 times)

cherise1989

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Question 1

Which of the following is not a taxpaying entity?
◦ C Corporation
◦ Partnership
◦ Individual
◦ All of these are taxpayers.

Question 2

Which of the following is not an advantage of a limited liability company (LLC)?
◦ limited liability for all members of a LLC
◦ ability to choose between taxation as a partnership or corporation
◦ default tax treatment as a corporation, unless otherwise elected
◦ All of these are advantages of an LLC.


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Marked as best answer by cherise1989 on Sep 13, 2020

mirabriestensky

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cherise1989

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


AISCAMPING

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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