Which of the following forms of business association may elect that only the partners/members are taxed?
A)General partnership.
B)Limited partnership.
C)Limited liability company.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the listed forms of business associations can elect to be treated as pass-through entities for tax purposes, meaning only the partners or members are taxed on the income, not the entity itself.

Which of the Following Forms of Business Association May Elect