What are these IRS regulations that make forming an LLC so advantageous?
Separately answer the following numbered essay questions and upload as a Word document to this assignment dropbox:
Experts predict that limited liability companies (LLCs) will replace both corporations and partnerships for most small businesses as a result of Internal Revenue Service (IRS) regulations.
1. What are these IRS regulations that make forming an LLC so advantageous?
2. Conduct some Internet research and find a case involving an LLC. Briefly state the facts of the case and explain the court’s decision. Provide at least a paragraph of your own analysis–do you agree with the court’s decision–why or why not?
