Partnerships and most LLCs are known as pass-through entities. What does this mean for their partners (in the case of partnerships) and members (in the case of LLCs)?   a. The businesses themselves are not subject to income tax; the individual partners/members pay income tax on their share of the businesses’ profits b. Partners and members are subject to double taxation

Why are so many new businesses choosing a limited liability company (LLC) form of ownership? (Chapter Five  Prepare your initial discussion by providing a detailed response with at least three paragraphs.  A paragraph consists of 4 to 6 sentences.   Prepare to defend your answer by incorporating at least two citations (MLA or APA format and one citation can be your textbook).

You have incorporated a business which a pack of Tommies now seeks to take over. You oppose this and also feel that the Tommies should use their "education" and start their own business instead of taking the easy way by trying to acquire your successful business. However, your shareholders have been offered a higher than market value for their shares by the aggressor. Briefly describe your duties and responsibilities as an officer/board member to your shareholders. 2 Based upon the price offered by the Tommie group, your shareholders appear to be in favor of this take-over. Identify and describe (6) methods that would enable you to effectively resist the take-over.

Why would you choose Limited Liability Company as a business entity type ?