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Why was the LLC form of business organization created in the United States?
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
A corporation as the power
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
Shareholders do not have the right to
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
The directors of a corporation
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
S corporation earnings are
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
Dexter and Desiree would like to organize a ballet company. If their revenues from this corporation exceed its expenses, these revenues will not be distributed to the corporate owners. What type of corporation have they organized?
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
The number of shareholders in an S-corporation must be
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
Double taxation means that
all of these
possess any public property
the corporation is taxed on corporate income and shareholders are taxed on dividends
all of these
only taxed at the individual owner's level
75 or less
to eliminate some of the inherent flaws both in the limited partnership and Subchapter S corporation
non profit organization
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