What Type of Corporation Can Avoid Double Taxation

question 30

Multiple Choice

What type of corporation can avoid double taxation?

• A)C corporation.
• B)L corporation.
• C)Both of the above.
• D)None of the above.

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Definitions:

Article 2

A reference that could pertain to various legal documents; often associated with the Uniform Commercial Code in the United States, which governs sales of goods.

Reasonable Price

A price that is fair and sensible for the goods or services provided, often considered in legal and economic contexts.

Common Law

A legal system based on judicial decisions and precedent, rather than statutory laws.

Article 2

This typically refers to a section of a larger body of law or document, but without more context, it could relate to various legal systems or documents. Specific identification requires additional information.