Which of the following statements, if any, about a multi-member LLC is false?

		A multi-member LLC is usually NOT taxed like a partnership.
		"Members" of an LLC generally have limited personal liability for debts of the LLC.
		"Members" of an LLC can participate in management of the LLC unless the member agrees not to participate.
		An LLC can specially allocate income items, as long as the substantial economic effect rules are followed.