The owner of a single-person LLC can avoid paying self-employment ...

[asan beg]

The owner of a single-person LLC can avoid paying self-employment taxes by electing to have the LLC treated as a corporation.
 
 Indicate whether the statement is true or false

Question 2

What types of information should a partnership agreement contain?

[patma1981]

Answer to Question 1

False

Answer to Question 2

A partnership agreement should generally include information about who will make the final decisions of the partnership, what each partner's duties will be, and the investment amount of each partner. It will also include how much profit or loss each partner receives or is responsible for and what happens if the partnership dissolves and one partner wants to exit the partnership or dies.

[asan beg]

YES! Correct, THANKS for helping me on my review

[Liamb2179]

Thanks for the timely response, appreciate it