The income of a single member LLC is taxed to its owner under the sole proprietorship rules if no election to be taxed as a corporation is made.
Answer the following statement true (T) or false (F)
True
The check-the box-regulations provide default treatment to disregarded status for an LLC with only one member. If that single member is an individual, the entity is treated as a sole proprietorship.
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Fill in the blanks with correct word.
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Indicate whether the statement is true or false.
Aidan ________ his laptop to a computer store for repairs
a. brought b. took
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Fill in the blank(s) with the appropriate word(s).