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Essay

Taxation of LLCs

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Issue:

Business

 

Written by:

Lisa E

 

Date added:

October 5, 2015

 

Level:

University

 

Grade:

C

 

No of pages / words:

12 / 3335

 

Was viewed:

4780 times

 

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Essay content:

In a taxation point of view for instance, corporations are divided into C type and S type. National taxation laws offer different advantages and disadvantages for these entities. As such, many other business organizational forms developed such as limited liability partnerships (LLP), professional limited liability partnerships (PLLP), and the subject of this paper, limited liability company (LLC)...
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According to Humphreys, LLC's are destined to be the common choice of entity for private business and investment enterprises. It possesses the foremost features of both partnership and corporation, and thus, considered as a hybrid version of both. The choice is swayed by LLC's numerous advantages if seen in different viewpoints...
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