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

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.