Identify Which of the Following Statements Is False

question 57

Multiple Choice

Identify which of the following statements is false.

• A)The check-the-box regulations permit an LLC to be taxed as a C corporation.
• B)Under the check-the-box regulations, an LLC that has only two members (owners)must be taxed as a partnership.
• C)A business need not be incorporated under state or federal law to be taxed as a corporation.
• D)Once an election is made to change its classification, an entity cannot change again for 60 months.

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Definitions:

Assembly-Line Model

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Silent Comedian

A performer who specializes in comedy without the use of spoken word, often associated with the silent film era.

Boyish Everyman

A male character archetype that embodies youthful innocence and the relatable, ordinary aspects of everyday life.

Deadpan Facial Expression

A type of facial expression where the face is deliberately impassive or expressionless, often used for comedic effect.