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:

Common Reasons

Frequently encountered or widely accepted causes or justifications for an action or event.

Resist Change

The tendency of individuals or organizations to oppose or struggle against modifications to their current state or practices.

Systems Dynamics

A methodology for understanding the behavior of complex systems over time through stocks, flows, feedback loops, and time delays.

Wishful Fantasy

Engaging in imaginative thoughts about desires or situations with little grounding in reality, often as a form of mental escape.