Which of the Following Legal Entities Are Generally Classified as C

question 63

Multiple Choice

Which of the following legal entities are generally classified as C corporations for tax purposes?

• A)Limited liability companies.
• B)S corporations.
• C)Limited partnerships.
• D)Sole proprietorships.
• E)None of the choices are correct.

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Definitions:

Successor

An entity or person that follows another in a specific role, position, or title, inheriting responsibilities or assets.

CPM Networks

Stands for Critical Path Method Networks, which are used in project management to identify the longest sequence of dependent tasks and the minimum completion time for the whole project.

Critical Paths

The sequence of stages determining the minimum time needed to complete a project, where any delay in the critical path tasks will directly affect the project completion date.