Question: Which statement is true? a. LLCs cannot have earnings pass through as personal income. b. LLCs are ideal for joint ventures. c. S-type corporations can

Which statement is true?

a.

LLCs cannot have earnings pass through as personal income.

b.

LLCs are ideal for joint ventures.

c.

S-type corporations can be partially owned by other corporations

d.

LLCs can only be owned by people and not other corporations.

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