Which of the following is not a business organization for tax purposes?
A)Estate
B)Limited liability partnership
C)C corporation
D)Sole proprietorship

Question

Quizplus · Accepted Answer

An estate is not a business organization for tax purposes. It is a legal entity that manages and distributes the assets of a deceased person. The other options (B, C, and D) are all business organizations for tax purposes. A limited liability partnership (LLP) is a business structure that combines the benefits of a partnership and a corporation. A C corporation is a type of business structure that is taxed separately from its owners, whereas a sole proprietorship is a business owned by one person and it is not a separate legal entity from its owner.

Which of the Following Is Not a Business Organization for Tax