Under the "Check-The-Box" Regulations, a Single-Member LLC That Fails to Elect

question 91

True/False

Under the "check-the-box" Regulations, a single-member LLC that fails to elect to be to treated as a corporation will be taxed as a sole proprietorship.

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Definitions:

Growing

The process of increasing in size, quantity, value, or strength.

Corporate Angels

Wealthy companies that invest in small startups or entrepreneurs, often for strategic purposes as well as financial return.

Venture

An undertaking that is risky or daring but may lead to profit or success in a business context.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s cost.