Question
LM, a domestic limited liability company (LLC), is formed in March of the current year. The entity has two members and does not disregard its
LM, a domestic limited liability company (LLC), is formed in March of the current year. The entity has two members and does not disregard its default classification for tax purposes. What is the default classification of KLM for tax purposes?
A. Partnership.
B. Association taxed as a corporation.
C. Limited liability company.
D. Sole proprietorship
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Residential Energy Auditing And Improvement
Authors: Stan Harbuck, Donna Harbuck
1st Edition
8770229252, 978-8770229258
