Question
This year, HPLC, LLC, was formed by H Inc., P Inc., L Inc., and C Inc. Each member had an equal share in the LLC's
This year, HPLC, LLC, was formed by H Inc., P Inc., L Inc., and C Inc. Each member had an equal share in the LLC's capital. H Inc., P Inc., and L Inc. each had a 30 percent profits interest in the LLC, with C Inc. having a 10 percent profits interest. The members had the following tax year-ends: H Inc. [1/31], P Inc. [5/31], L Inc. [7/31], and C Inc. [10/31]. What tax year-end must the LLC use?
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Internal Auditors For Stock Brokers
Authors: National Institute Of Securities Markets (NISM)
1st Edition
9350717581, 978-9350717585
