Under the Check-The-Box Rules, an LLC with More Than One

question 72

True/False

Under the check-the-box rules, an LLC with more than one member is taxed as a partnership unless it elects to be taxed as a corporation.

---

Definitions:

Escalation Of Anger

The process where feelings of anger intensify, potentially leading to aggressive behavior or conflict if not managed properly.

Validation Therapy

A form of therapy used in treating people with dementia that involves accepting and acknowledging their experiences and feelings as valid, regardless of their current reality.

Cognitively Impaired

A term describing individuals who have difficulty with one or more mental processes, affecting their ability to perform daily tasks.

Demonstrates Aggression

Exhibiting behaviors intended to harm or intimidate others, which can be physical, verbal, or non-verbal.