Partnership or limited liability company


Historically, the corporate characteristics of continuity of life, centralized management, limited liability and free transferability were considered in determining whether an organization was taxed as a partnership or an association for tax purposes. Under current regulations, how can a partnership or limited liability company assure itself of being taxed as a partnership.

A. Check off the box election

B. Private letter ruling.

C. Contribute to the controlling political party.

D. The doctrines of Stare Decisis and Res Ipsa Loquitur.

E. A though D

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Accounting Basics: Partnership or limited liability company
Reference No:- TGS049659

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