limited liability company, pass-through taxation, entity level taxation
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.
32 Wake Forest Law Review 79 (1997).
Business Organizations Law
Digital Commons 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). Faculty Scholarship. 100.