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 the Limited Liability Company (LLC) as a separate tax classification. Instead, LLCs are taxed as sole proprietorships, partnerships, or corporations, depending on their structure and elections made with the IRS.

Which of the Following Is Not Recognized by the Federal