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A joint venture is taxed like a corporation.
a. True b. False
Solution
The correct answer is false
Explanation:- A joint venture resembles and is taxed like a partnership. A joint venture is an
enterprise in which two or more persons combine their efforts or property for a single transaction
or project. In general a joint venture is taxed like a partnerhsip unless it elected to be taxed as a
corporation.

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A joint venture is taxed like a corporation.a. True b. FalseSo.pdf

  • 1. A joint venture is taxed like a corporation. a. True b. False Solution The correct answer is false Explanation:- A joint venture resembles and is taxed like a partnership. A joint venture is an enterprise in which two or more persons combine their efforts or property for a single transaction or project. In general a joint venture is taxed like a partnerhsip unless it elected to be taxed as a corporation.