Which of the Following Statements Is Correct

question 17

Multiple Choice

Which of the following statements is correct?

• A) The number of owners of an LLC is not limited.
• B) If the LLC has three or more corporate characteristics, it will be taxed as a C corporation.
• C) An LLC can elect to be taxed as a C corporation or as a partnership.
• D) Only a. and c.
• E) a., b., and c. are correct.

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Definitions:

Expanding Political Participation

The broadening of the opportunity and capacity for individuals and groups to engage in the political process, including voting, campaigning, and holding public office.

Greater Liberties

A term that may refer to expanded freedoms and rights for individuals or groups, often within the context of a society or political system.

Old Northwest

A historical term referring to the territory northwest of the Ohio River and east of the Mississippi, which was crucial in early American expansion and settlement.

Internal Borderland

Areas within a country that exist at the intersection of different cultural, ethnic, or geopolitical regions, often creating a site of mixed identities and conflict.