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Angelina rinaldi
on Nov 06, 2024

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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.
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SL
Samantha LiebeNov 09, 2024
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