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Author Question: A coop need not be incorporated. Indicate whether the statement is true or ... (Read 81 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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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

nanny

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

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