Question 2 10 pts Identify which of the following statements is true. Under the check-the-box regulations, an LLC that has one member owner) may be disregarded as an entity separate from its owner. All of the above are false. A new LLC that is owned by four members elects to be taxed under its default classification (as a partnership) in its first year of operations. The entity is prohibited from changing its tax classification at any time in the future. An unincorporated business may not be taxed as a corporation