Custom Auto, LLC, Is a Limited Liability Company

question 40

Multiple Choice

Custom Auto, LLC, is a limited liability company. Its members include Dennis and Emma. Like other LLCs with more than one member, unless indicated otherwise, the firm will automatically be taxed as​

• A) ​a person.
• B) ​a corporation.
• C) ​a sole proprietorship.
• D) ​a partnership.

---

Definitions:

Functional Autonomy

A concept in psychology that refers to a behavior or motive that has become independent of its original cause or source, serving its own purpose.

Company Marketing Opportunity

A situation or condition that a company can exploit to increase its market share, sales, or brand awareness.

Value Creation

The process of generating additional worth through various strategies, actions, or operations, enhancing the worth of goods, services, or even a brand to stakeholders.

Team Processes

The methods and dynamics through which team members interact, communicate, and collaborate to achieve shared goals.