Under the "check-the-box" Regulations,a single-member LLC that fails to elect to be to treated as a corporation will be taxed as a partnership.

Name: Under the "check-the-box" Regulations,a single-member LLC that fails to elect to be to treated as a corporation will be taxed as a partnership.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Sole proprietorship,not corporation,is the default classification for a single-member LLC that does not elect to be treated as a corporation under the "check-the-box" Regulations.

Under the "Check-The-Box" Regulations,a Single-Member LLC That Fails to Elect