A is organized as a limited liability company under the provision of the New Jersey Limited Liability Company Act. Under its operating agreement, A may engage in any and all business activity permitted by New Jersey. It has 25 members and three of them are elected as managers. Under the Act, man- agement is vested in its members in proportion to their percentage in the prof its of the organization, unless otherwise specified in the operating agreement of the company. A's operating agreement grants exclusive management au- thority to its designated managers. , no member, manager, employee, or agent is obli- Under the New Jersey Act gated personally for any of the organization's debts, obligations, or liabilities. Furthermore, the organization is dissolved upon the death, retirement, resig- nation, expulsion, or bankruptcy of any member unless the business is contin- ued upon the vote of all members and the operating agreement contains such a provision. Under A's operating agreement, upon the assignment of a mem- bership interest, the assignee of the interest has no right to participate in A or become a member without the written consent of all of A's members other than the assignor member. How will A be classified for tax purposes