Question
True or false : In the absence of a domestic limited liability company electing to be taxed as a corporation, the default classification will be
True or false : In the absence of a domestic limited liability company electing to be taxed as a corporation, the default classification will be that of "tax nothing" or a branch if it has a single corporate member, or a partnership if it has more than 1 member. (Explain your answer) A) True B) False
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
14th Canadian edition
134613112, 134835018, 9780134885254 , 978-0134613116
