A Limited Liability Company That Has Only One Member Is

question 52

True/False

A limited liability company that has only one member is generally treated as a disregarded entity for federal tax purposes.

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Definitions:

Anxiolytic Medication

Drugs designed to inhibit anxiety without necessarily affecting mood or arousal; commonly used to treat anxiety disorders.

Meditation

A practice of focused concentration, often for relaxation, stress reduction, and self-improvement.

Somatic Symptom Disorder

A mental health condition characterized by an individual experiencing significant physical symptoms that may not have a diagnosable medical explanation, causing major distress and problems functioning.

Relaxation

Techniques or practices that reduce stress and tension in the body and mind, promoting a state of calm.