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11. Jazzie's Hair Salon, LLC, is a limited liability company. Unless indicated otherwise on the Jazzie's federal tax form, the firm will be taxed as
11. Jazzie's Hair Salon, LLC, is a limited liability company. Unless indicated otherwise on the Jazzie's federal tax form, the firm will be taxed as
a. a cooperative.
b. a corporation.
c. a joint venture.
d. a partnership.
12. Rolling Hills Lawn Services, LLC is a limited liability company. Like other LLCs, for federal jurisdictional purposes, Rolling Hills is most likely a citizen of
a. all states.
b. every state in which its members are citizens.
c. no state.
d. only the state in which it was formed.
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