Which of the following is not recognized by the federal government as a form of business?
A) Partnership
B) Sole proprietorship
C) Corporation
D) S corporation
E) Limited Liability Company

Question

Quizplus · Accepted Answer

The federal government does not recognize Limited Liability Company (LLC) as a separate tax classification. Instead, LLCs are taxed as sole proprietorships, partnerships, or corporations, depending on elections made by the LLC and the number of members.

Which of the Following Is Not Recognized by the Federal