An S Corporation Is Created as an LLC

question 72

True/False

An S corporation is created as an LLC.

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Definitions:

Vertical Division of Labour

The differentiation of job roles based on hierarchical positions within an organization, where tasks are divided according to levels of authority and expertise.

Functional

Related to the natural or intended purpose of something, describing something that is designed to be practical and useful rather than merely attractive.

Geographic

Pertains to the study of Earth's surfaces, locations, and environments, including the relationships between people and their environments.

Perceived Environment

How individuals interpret or view their surroundings, which can greatly influence their thoughts, behaviors, and actions.