The Limited Liability Company and the Search for a Bright Line Between Corporations and Partnerships

Richard A. Booth Marbury Research Professor of Law, University of Maryland School of Law

Document Type: Article

Published in Wake Forest Law Review, v. 32, no. 1, 1997

Abstract

Despite the potential loss in tax revenue, the Internal Revenue Service (IRS) is making it easier and easier to avoid corporate taxes. Witness the advent of limited liability companies and the proposed "check-the-box" regulations. This article takes a look at the real distinctions between -- and policy supporting -- pass-through and entity level taxation and draws the conclusion that entity level taxation will probably become limited to publicly traded entities only.

Keywords:

limited liability company, pass-through taxation, entity level taxation

Recommended Citation

Booth, Richard A. Marbury Research Professor of Law, "The Limited Liability Company and the Search for a Bright Line Between Corporations and Partnerships" (1997). All Faculty Publications. Paper 100.
http://digitalcommons.law.umaryland.edu/fac_pubs/100