Explain how the following types of business entities are treated under the check-the-box regulations. What alternative treatments

Question:

Explain how the following types of business entities are treated under the check-the-box regulations. What alternative treatments are available other than the default classification?
a. Corporation
b. Partnership (general and limited)
c. Limited liability company (LLC)
d. Limited liability partnership (LLP)

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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