Asked by
Angelina rinaldi
on Nov 06, 2024Verified
A similarity between limited liability companies and S corporations is that both:
A) offer limited liability to owners.
B) are taxed as corporations.
C) are established for a limited time.
D) require their members to hold regular meetings.
E) are very simple to form and operate.
S Corporations
A type of corporation in the United States that allows profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.
- Grasp the principles of business organization structures, including corporations and limited liability companies (LLCs).
- Recognize the differences between limited liability companies (LLCs) and S corporations in terms of taxation and operational requirements.
Verified Answer
SL
Learning Objectives
- Grasp the principles of business organization structures, including corporations and limited liability companies (LLCs).
- Recognize the differences between limited liability companies (LLCs) and S corporations in terms of taxation and operational requirements.