Under the Check-The-Box Rules, an LLC with More Than One

question 72

True/False

Under the check-the-box rules, an LLC with more than one member is taxed as a partnership unless it elects to be taxed as a corporation.

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Definitions:

Behavioural Rehearsal

A therapeutic technique involving the practice of desired behaviors in a safe setting to improve real-world application, often used in social skills training.

Aversion Therapy

A type of behavioral therapy that involves pairing unwanted behaviors with unpleasant stimuli to reduce the occurrence of those behaviors.

Problem Drinker

An individual who experiences social, emotional, or physical problems as a result of alcohol consumption.

Drug Therapy

The treatment of diseases and conditions with pharmaceutical drugs, as opposed to surgery or other interventions.