Which of the Following Characteristics of an LLC Is Similar

question 13

Multiple Choice

Which of the following characteristics of an LLC is similar to that of limited partnerships and S corporations?

• A) An LLC has flow-through taxation.
• B) An LLC does not have to file a form with the IRS to obtain flow-through taxation.
• C) An LLC can have more than one class of stock, thereby permitting a more complex capital structure.
• D) An LLC may not own more than 80 percent of another corporation.

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Definitions:

Plan Components

The essential elements that make up a strategic or operational plan, including objectives, strategies, measures, and timelines.

Objective

A goal or aim that is clearly defined and measurable.

Action Statement

A clear, concise declaration outlining a specific action to be taken to achieve a particular objective.

Budget

An estimate of income and expenditure for a set period of time, often used by businesses and governments to plan financial activities and resource allocations.