Tax Question Which of the following is/are correct with respect to limited liability companies (LLCs)? I. An advantage of an LLC when compared to a
Tax Question
Which of the following is/are correct with respect to limited liability companies (LLCs)?
I. An advantage of an LLC when compared to a regular corporation is the ability to pass through tax attributes to owners.
II. A disadvantage of a general partnership when compared with an LLC is the inability of partners to have limited liability.
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
