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

question 29

True/False

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

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Definitions:

Methane

The simplest alkane and hydrocarbon, with the formula CH4, it is a significant component of natural gas and a potent greenhouse gas.

Propagation Event

In chemical kinetics, a step in a chain reaction where reactive intermediates react with stable molecules to produce new reactive intermediates and propagate the chain.

UV Light

Ultraviolet light, a form of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays.

Ethane

A hydrocarbon with the formula C2H6, consisting of two carbon atoms single-bonded together, with three hydrogen atoms bonded to each carbon.