Sustainable Café LLC is a limited liability company. Like any other LLC, unless Sustainable Café chooses otherwise, the firm will be taxed as
a. a corporation.
b. a sole proprietorship.
c. a partnership.
d. none of these choices.
c
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A corporation issued 320 shares of its $5 par value common stock in payment of a $4000 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
A. A $4000 debit to Legal Expenses. B. A $1600 debit to Organization Expenses. C. A $4000 credit to Cash. D. A $2400 credit to Paid-in Capital in Excess of Par Value, Common Stock. E. A $4000 credit to Common Stock.
Closely related to the ________ is the preferred habitat theory, which takes a somewhat less direct approach to modifying the expectations hypothesis but comes to a similar conclusion
A) liquidity premium theory B) expectations theory C) market segmentation theory D) supply theory
Statutes frequently require a corporation's name to end with "Corporation" or "incorporated" of an abbreviation thereof, or other indication of corporate status
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