A Limited Liability Company Is Always Taxed as a Partnership

question 43

True/False

A limited liability company is always taxed as a partnership, regardless of the number of its members.

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Definitions:

Germinal

Pertaining to the earliest stage of embryonic development.

Teratogens

Agents such as chemicals, viruses, and drugs, that can cause congenital abnormalities or developmental malformations in an embryo or fetus.

Lead Paint

A type of paint that contains lead, a toxic metal, which can cause serious health problems, especially in children if ingested or inhaled.

Fetus

A developing human from roughly eight weeks after conception to the moment of birth.