A limited liability company is becoming a common business form, with most states having passed legislation allowing this entity form. Use the Internet to find out more information about LLCs. Use several search engines and find at least two articles and three Web sites discussing LLCs. Summarize the information found in the articles and list the information found at the Web sites.
Answer to relevant QuestionsWhat is the difference between a property's use and its type?What are the tax implications of a taxpayer's self construction of assets for use in the taxpayer's trade or business?When is the primary valuation date for valuing inherited property? Does the executor of the estate have to do anything to use the primary valuation date?Carl Corporation acquires a business use warehouse for $200,000 on January 2, 2004. From 2004 through 2009, Carl Corporation properly deducts a total of $30,000 in depreciation. Carl incurs a net operating loss and deducts ...Articles on tax topics are often useful in understanding the income tax law. CPA firms and other organizations publish tax articles on the Internet. Using a search engine or one of the tax directory sites provided in ...
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