Question 6 05 out of 05 points the ability to flow

 Question 6
0.5 out of 0.5 points
The ability to flow through to the investors the tax deductions and losses that are
typically generated by an emerging company or a company with significant up-front
debt is an advantage of a
Selected
Answer:
pass-through entity.
Answers: corporate tax structure.
pass-through entity.

member-managed LLC.
manager-managed LLC.
 Question 7
0.5 out of 0.5 points
If an LLP does not have a partnership agreement, which of the following will courts
look to in order to resolve internal management disputes?
 Question 8
0.5 out of 0.5 points
In an LLP, any income is taxed
 Question 9
0.5 out of 0.5 points
Although many LLCs are treated as pass-through entities, an LLC's members may
elect to be taxed as a

 Question 10
0.5 out of 0.5 points
All income and losses of an LLP are reported
Selected
Answer:
on the partners' individual returns.
Answers: to the IRS and state and local tax authorities.
on the partners' individual returns.
on the entity's return.
annually.
 Question 11
0.5 out of 0.5 points
The origins of LLPs were rooted in protection of