LLCs are treated like corporations for tax purposes if a special ...

[washai]

LLCs are treated like corporations for tax purposes if a special election is made on Form 8832.
 
  Indicate whether the statement is true or false

Question 2

LLPs, like other partnerships, have very informal organizational process.
 
  Indicate whether the statement is true or false

[shoemake]

Answer to Question 1

TRUE

Answer to Question 2

FALSE

[washai]

TYSM

[amcvicar]

Thanks for the timely response, appreciate it