Which of the Following Legal Entities Are Generally Classified as C

question 17

Multiple Choice

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

• A) Sole proprietorship.
• B) S corporations.
• C) Limited Liability Company.
• D) Limited partnerships.
• E) None of the choices are correct.

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Definitions:

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A form of democracy in which representatives are chosen through the electoral process by the populace to act on their behalf in governing and making policy decisions.

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Economic Issues

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The set of activities associated with the governance of the United States, including the dynamics between political parties, electoral processes, and policy-making.