X corporation forms a limited liability company (LLC) in which X is the only owner. For federal
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Question:
X corporation forms a limited liability company (LLC) in which X is the only owner. For federal tax purposes, per the "check-the-box" regulations, the LLC will be treated as:
A. A branch or division of X unless an election is made to treat the LLC as a corporation
B. A corporation, unless an election is made to treat the LLC as a partnership
C. A partnership, unless an election is made to treat the LLC as a corporation
D. None of the above
Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
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