Which of the following is true about series LLC\'s in Texas? a. None of the othe

Question

Which of the following is true about series LLC's in Texas?

a. None of the other choices are correct. b. If a series LLC has one member, the series LLC can elect to file its federal income tax return as a corporation. If no such election is made, then the series LLC must file its federal income tax return as a sole proprietorship. c. If a series LLC has one member, the series LLC as a sole proprietorship. d. If a series LLC has one member, the series LLC must file as a corporation. e. If a series LLC has one member, the series LLC can elect to file its federal income tax return as a partnership. If no such election is made, then the series LLC must file its federal income tax return as a sole proprietorship.

Explanation / Answer

The option b) is true about series LLC's in Texas. If a series LLC has one member, the series LLC can elect to file its federal income tax return as a corporation. If no such election is made, then the series LLC must file its federal income tax return as a sole proprietorship.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.