LLC w/ only one member cannot be taxed as partnership. One member LLCs are automatically taxed as ___________________ unless they wish to be taxed as a corporation.

In the context of direct foreign investment, direct investors have the lowest potential reward and the lowest potential risk

Indicate whether the statement is true or false a. True b. False

Legally, the SEC has the ability to establish accounting rules for all companies under its jurisdiction.

a. true b. false