Question: Question 3 4 ( 7 points ) Select ALL of the main advantages of an LLC over an S - Corp Members can share income,
Question points
Select ALL of the main advantages of an LLC over an SCorp
Members can share income, profit, expense, deduction, loss and credit, and equity of the LLC among themselves
LLC partners can chase investors through private data accessible or obtainable through the venture without fear of violating confidentiality laws Partners in an SCorp are responsible for resolving conflicts among owners and shareholders which is prohibited for partners in an LLC
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