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Question
which business form(s) does not benefit from pass-through taxation? a limited liability companies (llc) b sole proprietorships c corporations d both a and c
Brief Explanations
Pass-through taxation means business profits/losses are reported on owners' personal tax returns, avoiding double taxation. LLCs and sole proprietorships qualify for this. Corporations (C-corps) face double taxation: the business is taxed on profits, then shareholders are taxed on dividends.
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C. Corporations