. An LLC is expected to earn $200,000 in annual profits. The LLC is owned...
70.2K
Verified Solution
Link Copied!
Question
Accounting
. An LLC is expected to earn $200,000 in annual profits. The LLC is owned equally by three people who have other substantial income and will not need their profits for many years. What is the appropriate tax-minimizing entity classification decision for this business?
Trust
S corporation
Disregarded entity
Partnership
C corporation
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: Flex AI - Your personal assistant for all your inquiries!