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Showing posts with label Ben. Show all posts
Showing posts with label Ben. Show all posts

Sunday, July 12, 2015

Ben and Jerry organize their new entity as an LLC on May 16th of the year 1

Problem 2-1 Ben and Jerry organize their new entity as an LLC on May 16th of the year 1. What is the default tax classification for this entity? Are there any alternative classification(s) available? If so, how do Ben and Jerry elect one of these alternate classification(s) and what are the tax consequences of doing so?

Click here for the solution: Ben and Jerry organize their new entity as an LLC on May 16th of the year 1