If a Partnership Chooses to Form an LLC, Under the Check-The-Box

question 66

Multiple Choice

If a partnership chooses to form an LLC, under the check-the-box rules, and assuming no elections are made, the entity will be taxed as

• A)a partnership if it has more than one member.
• B)an S corporation.
• C)a C corporation.
• D)Unable to determine from the facts presented.

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Definitions:

Synaptic Interval

The gap between neurons across which neurotransmitters travel to transmit signals from one neuron to the next.

Synaptic Vesicles

Small organelles within neurons that store neurotransmitters, which are released into the synaptic cleft during neuronal communication.

Postsynaptic Cell

The neuron or cell that receives a signal (neurotransmitter) from another neuron at a synapse during the process of communication between neurons.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.