Limited Liability Business Forms, Such as LLCs, LPs, and LLPs

question 59

Multiple Choice

Limited liability business forms, such as LLCs, LPs, and LLPs, offer tax advantages that are similar to those offered by

• A)an S corporation.
• B)a benefit corporation.
• C)a close corporation.
• D)any corporation.

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Definitions:

Somatic

Relating to the body, especially as distinct from the mind or emotions; often used in reference to bodily symptoms with no apparent physical cause.

Parasympathetic

The part of the autonomic nervous system that conserves energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles.

Cortex

The Cortex is the outermost layer of the brain's cerebrum, involved in higher brain functions such as thought, memory, and decision making.

Amygdala

is an almond-shaped part of the brain involved in processing emotions, such as fear and pleasure, and forming emotional memories.