According to the tax rules, how are profits and losses allocated to LLC members How are they allocated to S corporation shareholders Which entity permits greater flexibility in allocating profits and losses ...

LLC profits and losses are allocated according to the LLC operatingpartnership agr ...

According to the tax rules, how are profits and losses allocated to LLC members? How are they

Question:

According to the tax rules, how are profits and losses allocated to LLC members? How are they allocated to S shareholders? Which entity permits greater flexibility in allocating profits and losses?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...