I just walked out of a Business and Tax Planning final that turned by world upside down. I am pretty sure I should have added the following to the bottom of my exam:
See generally the Internal Revenue Code, see also any law, promulgation, or law review article ever read, considered or passed by the Delaware state legislature, cf. every point of conventional wisdom widely held prior to the creation of the LLC business entity.
*sigh*
Oh well, I am turning to Ben & Jerry's Pistachio, Pistachio ice-cream for comfort. Onward towards graduation...
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