A Limited Liability Company That Has Only One Member Must

question 14

True/False

A limited liability company that has only one member must be taxed as a sole proprietorship.

---

Definitions:

Culture

The complex set of knowledge, beliefs, values, norms, and customs shared by a group of people, influenced by history, geography, religion, and social practices.

Nuclear Family Environment

Refers to a household consisting only of parents and their children, which is often considered the traditional family structure.

Many Types

A phrase indicating the existence of a wide variety of categories or varieties within a particular subject or group.

Families

Groups of individuals related by blood, marriage, or a significant shared bond, who often live together and provide mutual support.