For a Limited Liability Company  with Two or More Members

question 20

True/False

For a limited liability company  with two or more members, the default tax classification is that of a sole proprietorship.

---

Definitions:

Turnover

The rate at which employees leave a company and are replaced by new employees over a given period.

Craft Union

A labor union representing workers who are skilled in a specific craft or trade.

Industrial Union

A labor union organizing method where all workers in the same industry, regardless of job function, are organized into a single union.