Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pat and Nicole formed here as a limited liability company, Unless the member owner elect to be treated otherwise, the internal Revenue Service will tax

Pat and Nicole formed here as a limited liability company, Unless the member owner elect to be treated otherwise, the internal Revenue Service will tax the LLC as:

Multiple choices

A) an s corporation.

B) a C corporation.

C) a non-taxable entity.

D) a joint venture.

E) a partnership.

Step by Step Solution

3.49 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

The correct answer is E a partnership Limited liability compa... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

14th Edition

978-0273744535, 273744445, 273744534, 978-0273744443

More Books

Students also viewed these Accounting questions

Question

Describe the process of selecting target markets.

Answered: 1 week ago

Question

Cite the characteristics of satisfying intimate relationships.

Answered: 1 week ago

Question

Find the following integrals: b) (b) te" | re cos? r dr ? r

Answered: 1 week ago