Unless a Limited Liability Company Indicates Otherwise, the Internal Revenue

question 64

True/False

Unless a limited liability company indicates otherwise, the Internal Revenue Service automatically taxes it as a partnership.

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Definitions:

Directly Recursive

A function or method that calls itself within its own definition, directly creating a loop through recursion.

Recursive Method

A method in programming that calls itself in order to solve a problem.

Infinite Recursive Method

A method in programming that calls itself indefinitely due to a missing or incorrect termination condition, leading potentially to a stack overflow error.

Infinite Recursion

A condition in programming where a function continuously calls itself without any terminating condition, leading to a potential stack overflow error.