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in terms of taxation what is true about business In terms of taxation, what is true about business entitites? Corporations are subject to double taxation.

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In terms of taxation, what is true about business entitites? Corporations are subject to double taxation. Sole proprietors pay personal taxes on business income. LLCs are not taxed; however, members are taxed personally on profits passed through the LLC. LLPs are taxed the same as traditional partnerships. All of the above. None of the above. O

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