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

22 Pages Posted: 14 Mar 1997

See all articles by Richard A. Booth

Richard A. Booth

Villanova University Charles Widger School of Law; ECGI

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.

JEL Classification: G38, K22, K34

Suggested Citation

Booth, Richard A., The Limited Liability Company and the Search for a Bright Line between Corporations and Partnerships. Wake Forest Law Review, Vol. 32, No. 1, 1997, Available at SSRN: https://ssrn.com/abstract=10361

Richard A. Booth (Contact Author)

Villanova University Charles Widger School of Law ( email )

299 North Spring Mill Road
Villanova, PA 19085
United States
6105197068 (Phone)
610595672 (Fax)

HOME PAGE: http://www1.villanova.edu/villanova/law/staffadmin/Faculty%20Directory/biodetail.html?mail=booth@law

ECGI ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
2022622028 (Phone)

HOME PAGE: http://www1.villanova.edu/villanova/law/academics/faculty/Facultyprofiles/RichardBooth.html

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