What is the default classification of klm for tax purposes, Accounting Basics

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What is the default classification of klm for tax purposes

Question: KLM, a domestic limited liability company (LLC), is formed in March of the current year. The entity has two members and does not disregard its default classification for tax purposes. What is the default classification of KLM for tax purposes? A. Limited liability company. B. Sole proprietorship. C. Partnership. D. Association taxed as a corporation.

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Accounting Basics: What is the default classification of klm for tax purposes

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