Question 60.5 out of 0.5 pointsThe 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 aSelected Answer:pass-through entity.Answers:corporate tax structure.pass-through entity.
member-managed LLC.manager-managed LLC.Question 70.5 out of 0.5 pointsIf an LLP does not have a partnership agreement, which of the following will courts look to in order to resolve internal management disputes?Question 80.5 out of 0.5 pointsIn an LLP, any income is taxedQuestion 90.5 out of 0.5 pointsAlthough many LLCs are treated as pass-through entities, an LLC's members may elect to be taxed as a
Question 100.5 out of 0.5 pointsAll income and losses of an LLP are reportedSelected 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 110.5 out of 0.5 pointsThe origins of LLPs were rooted in protection of
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Corporation,Types of business entity,Limited Liability Company,Limited liability partnership