Which of the following is considered to be a disadvantage of an LLC? a. There is no
Question:
Which of the following is considered to be a disadvantage of an LLC?
a. There is no limit on the numbers or kinds of owners who may have an interest in an LLC.
b. LLCs are relatively new legal entities compared to partnerships and corporations.
c. An LLC may elect to be taxed like a partnership while retaining legal liability protection that is more like a corporation.
d. Unlike a partnership, an LLC can operate with only one member.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
Question Posted: