Which of the following statements is correct a). The number of owners of an LLC is not

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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.

Related Book For answer-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Oct 09, 2020 07:17 AM

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Which of the following statements is correct a). The number of owners of an LLC is not

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