The owners of a limited liability company prefer: A. being taxed like a corporat

Question

The owners of a limited liability company prefer:

A. being taxed like a corporation.
B. having liability exposure similar to that of a sole proprietor.
C. being taxed personally on all business income.
D. having liability exposure similar to that of a general partner.
E. being taxed like a corporation with liability like a partnership.


A proxy fight occurs when
A. the board solicits renewal of current members
B. a group solicits proxies to replace the board of directors
C. a competitor offers to sell their ownership in the firm
D. the firm files for bankruptcy
E. the firm is declared insolvent

Explanation / Answer

C and B are answer please rate me

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