Purchase a course multi-pack for yourself or a friend and save up to 50%!
5-COURSE MULTI-PACK $180
10-COURSE MULTI-PACK $300
Accelerated 1-year bachelor's program
Question 1
The Limited Liability Corporation (LLC) business form combines which of the following desirable characteristics from their constituent primary forms:
Correct
Incorrect!
Correct The two most desirable benefits of the formation of an LLC are its tax characteristics as a pass-through entity (like a partnership) and the limited liability it affords its members (like a corporation and its shareholders.) The problem associated with an LLC is that they are a bit complicated to form, though they are not as restrictive as a professional company or an S Corporation.
Incorrect! The two most desirable benefits of the formation of an LLC are its tax characteristics as a pass-through entity (like a partnership) and the limited liability it affords its members (like a corporation and its shareholders.) The problem associated with an LLC is that they are a bit complicated to form, though they are not as restrictive as a professional company or an S Corporation.
