Which of the following may not be treated as a partnership for tax purposes? a. Arnold and

Question:

Which of the following may not be treated as a partnership for tax purposes?

a. Arnold and Willis operate a restaurant.

b. Thelma and Louise establish an LLC to operate an accounting practice.

c. Lucy and Desi purchase real estate together as a business.

d. Jennifer and Ben form a corporation to purchase and operate a hardware store.

e. All of the above are partnerships.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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