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A Limited Liability Company May Be Classified as a Partnership

Question 21

Multiple Choice

A limited liability company may be classified as a partnership for tax purposes if:


A) such an election is made by "checking the box" for partnership tax treatment on the appropriate Internal Revenue Service form.
B) such an election is made in the operating agreement.
C) such an election is made in the articles of incorporation.
D) a majority of its members petition the Internal Revenue Service for partnership tax treatment.

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