A Limited Liability Company (LLC) Cannot Elect Under the Check-The-Box

question 55

True/False

A limited liability company (LLC) cannot elect under the check-the-box rules to be taxed as an S corporation.

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Definitions:

Cat Feces

waste matter discharged from a cat's intestines through the anus, which can contain harmful parasites and bacteria.

Protists

A diverse group of eukaryotic microorganisms, which are neither plants, animals, nor fungi, and often live in aquatic habitats.

Ancestry

The genetic heritage or lineage of an organism, tracing back through generations of parents and ancestors.

Histoplasma Capsulatum

A fungus that can cause histoplasmosis, a respiratory disease, when its spores are inhaled from contaminated environments.