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Unlike limited partners in a limited partnership, members of an LLC a.are not treated similarly for federal tax purposes b.have many more regulatory...
Unlike limited partners in a limited partnership, members of an LLC
a. are not treated similarly for federal tax purposes
b. have many more regulatory requirements
c. may be actively involved in managing the business
d. both a and c
6. Profits of a corporation are taxed at the corporate level and then at individual level when they are distributed to shareholders. (True/False).