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Under the Internal Revenue Code, a Limited Liability Company (LLC)

question 8

Multiple Choice

Under the Internal Revenue Code, a limited liability company (LLC) exhibits all four characteristics of a corporation. Which of the following is NOT one of the four characteristics?


Definitions:

2-pentanol

An organic compound, a type of alcohol with the alcohol functional group located on the second carbon of a five-carbon chain.

Cyclobutanol

A type of organic compound characterized by a four-membered ring structure with a hydroxyl group (-OH) attached, making it an alcohol.

Compound

A chemical entity that is formed by the combination of two or more elements in a specific proportion.

Functional Group

A specific group of atoms within a molecule that is responsible for the characteristic chemical reactions of that molecule.

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