A Limited Liability Company That Has Only One Member Is

question 52

True/False

A limited liability company that has only one member is generally treated as a disregarded entity for federal tax purposes.

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Definitions:

Enabling Process

The creation and implementation of processes that empower individuals or teams to achieve their goals effectively.

Solitary Work Activity

Tasks or jobs that are performed alone without interaction or collaboration with others.

Moderate Risk

A level of risk that is considered to be acceptable or manageable, often seen as a compromise between high risk and no risk.

Status Quo

The existing state of affairs, particularly in a societal, political, or organizational context.