Which of the following statements about LLC's is true?
a. LLC's are one of the oldest forms of business organization.
b. The profits of LLC's are taxed at the entity level.
c. The profits and losses of LLC's pass through to the owners for tax purposes.
d. Venture capital funds are the primary investors in LLC's.
Ans: c. The profits and losses of LLC's pass through to the owners for tax purposes.
Business
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The pre-emptive right allows a shareholder to vote twice if he or she owns preferred stock along with common stock
Indicate whether the statement is true or false.
Business
During which step of the writing process should you select the medium and channel to be used?
A) Writing B) Composing C) Producing D) Planning E) Completing
Business