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tnvalerio tnvalerio
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Posts: 633
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6 years ago
All of the following statements concerning LLC's are incorrect except: ______.
 A) Federal income tax is due on its income as an entity.
 B) Income flows through to the members based on their proportionate interests in the company.
 C) No filing is necessary to form a limited liability company.
 D) All members enjoy unlimited liability.
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6 years ago
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tnvalerio Author
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6 years ago
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