a. 38. Which of following statement regarding to joint venture is correct? Joint venture must be dissolved after a single transaction. b. Unlike a general partnership, formation of a joint venture must file some sort of organizational document with the state. Joint venture is treated as general partnership for tax purpose. d. Joint venture is a separate entity and taxed as C Corporation. C. a. Which of the following statements is correct regarding to a limited liability company (LLC)? A LLC might be a public operated company and issues an IPO. b. In order to form a corporation, it's necessary to file operation agreement with state. The minimum number of members to form a LLC is two. d. LLC provides similar protection for members from outside liability as a corporation but does not bear "double" taxation. C