Question: a . If an LLC with more than one owner does not make an election, the entity is taxed as a corporation. b . An

a. If an LLC with more than one owner does not make an election, the entity is taxed as a corporation.
b. An LLC with one owner can elect to be taxed as a corporation.
c. An entity with more than one owner and formed as a corporation cannot elect to be taxed as a partnership.
d. If an LLC with one owner does not make an election, the entity is taxed as a sole proprietorship.

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