For a limited liability company with two or more members, the default tax classification is that of a sole proprietorship.
Correct Answer:
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Q5: The owners or investors of a limited
Q8: Which of the following best describes sole
Q9: An active partner who attempts to conceal
Q10: Which of the following is true of
Q11: A sole proprietor is not liable for
Q12: A general partner has limited liability in
Q12: Which of the following is true of
Q16: A trading partnership is one engaged in
Q17: While registering a fictitious name, a business
Q18: A silent partner is one who takes
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