The Major Differences Between an S-Corporation and a Limited Liability

question 321

True/False

The major differences between an S-Corporation and a Limited Liability Company are limits on the number of owners,and,the citizenship status of individuals who are owners.

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Definitions:

Passionate

Exhibiting or characterized by intense feelings of enthusiasm or affection.

Investment Model

A theory in relationship psychology that examines commitment as a function of satisfaction, quality of alternatives, and investment size.

Alternatives

Other options or choices available in a situation from which a selection can be made.

Investments

The allocation of resources, usually financial, into assets or endeavors expected to yield returns or profits over time.