Title
The Limited Liability Company and the Search for a Bright Line Between Corporations and Partnerships
Document Type
Article
Publication Date
January 1997
Keywords
limited liability company, pass-through taxation, entity level taxation
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.
COinS
Comments
Published in Wake Forest Law Review, v. 32, no. 1, 1997