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LLCs May Choose to Be Taxed as a Pass-Through Entity

question 48

True/False

LLCs may choose to be taxed as a pass-through entity or may elect to be taxed as a corporation.


Definitions:

High-Profile Career

A career that attracts public attention and is often in the public eye due to its significance, the prominence of the role, or the person occupying it.

Vocational Training

Education or instruction designed to teach individuals specific skills for a particular job or career.

Vocational Training

Education or training programs designed to equip individuals with the skills and knowledge needed for specific trades or professions.

Academic Track

A specific path in education designed to prepare students for a particular field of study or career.

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