Question
Which of the following statements is correct a). The number of owners of an LLC is not limited. b). If the LLC has three or
Which of the following statements is correct
a). The number of owners of an LLC is not limited.
b). If the LLC has three or more corporate characteristics, it will be taxed as a C corporation.
c). An LLC can elect to be taxed as a C corporation or as a partnership.
d). Only a and c a, b, and c are correct.
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
