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How does taxation change for an LLC when the S - Corporation election is made? Group of answer choices The LLCs can now enjoy lower

How does taxation change for an LLC when the S

-

Corporation election is made?

Group of answer choices

The LLCs can now enjoy lower corporate tax rates

The LLC can benefit from retaining its earnings

The LLC now has an entity

(

corporate

)

level tax

The LLC can separate reasonable compensation and distributions

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