Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. which of the following is an advantage to opera

1. Which of the following is an advantage to operating as an LLC a)Members have...

70.2K

Verified Solution

Question

Accounting

1. Which of the following is an advantage to operating as an LLC

a)Members have limited liability

b)Double taxation is avoided

c)The number of members is unlimited

d)Single member LLCs can elect to be taxed as a corporation

e)All of the above are advantages

--------------------

2. Which of the following is true of an LLC?

a)It can only have one class of stock

b)It can only have 100 shareholders

c)It cannot have members who are non US residents

d)It is a flow through entity

---------------

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why has an energy deficiency been considered a central cause of infertility for both male and...

Biology
Q

A rubber ball is tossed straight up from a height of 10 feet with a velocity...

Physics
Q

4 Discuss the debate between egoism and altruism Explain the kind of skepticism that arises...

Biology
Q

3 10 A cyclist rides along the circumference of a circular Horizontal plane of radius...

Physics
Q

K 3 If D varies inversely as C and D when C5 find D when...

Basic Math
Q

Express the fact that x differs from 10 by less than 5 as an inequality...

Basic Math
Q

Francisco needs the three pieces of glass shown below to complete a stained glass window...

Basic Math
Q

Select the correct answer The table gives the number of bacterial cells in a colony...

Algebra
Q

Sales Variances Assume that Casio Computer Company, LTD. sells G-Shock for $50 during...

Accounting
Q

Fergus Inc. has sales of $43,000, costs of $19,100, depreciation expense of $2,600, and interest...

Accounting
Q

Can you please provide complete work/steps to solve this problem?? Thank you! 4. Award:...

Accounting
Q

The Carlsbad Corporation produces and markets two types of electronic calculators: Model 4A and Model...

Accounting