What is true about business entitites

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Reference no: EM131729143

1. In terms of taxation, what is true about business entitites?

A. Corporations are subject to double taxation.

B. Sole proprietors pay personal taxes on business income.

C. LLCs are not taxed; however, members are taxed personally on profits passed through the LLC.

D. LLPs are taxed the same as traditional partnerships.

E. All of the above.

F. None of the above.

2. If the plaintiff and the defendant(s) agree on the facts, and the sole issue is a question of law, what motion should be filed?

A. A motion for judgment on the pleadings.

B. A motion for summary judgment.

C. A motion for a judgment not-withstanding the verdict.

D. None of the above.

Reference no: EM131729143

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