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VI. drüben VIA. Inhaltsfragen (4 Punkte)   2.  Als Kind bekam die Mutter Geschenke von Familie in West Deutschland.          Richtig      /    Falsch

Bonusfrage!: Beantworten Sie diese Frage mit einem ganzen Satz. Nennen Sie ZWEI Sachen! (+1 Punkt)   Was macht man zu Silvester in Deutschland? 

Members signing documents on behalf of the LLC are considered an agent (proxy) of the LLC.

Sally, Joe, and you form Letters, LLC for editing books, articles, dissertations, research paper, and similar documents. Each of you work from your home office and come together weekly, at a local Summer Moon, to discuss the LLC’s current and new projects. You all agree that there is no need for a separate level of management and they you can collectively management the LLC. The form of LLC management that you have decided on is best described as what form of management?

A loan to Flores Home Improvement LLC is treated as income to the business.

A LLC business owned by a married couple is considered as a ONE member LLC for legal and for tax purposes.    

As a passive investor, you contribute $8,000 as your share of the Woodcreek, LLC, a canoe rental business owned with your friends, Wendy and James. The daily operations will be handled by Wendy and James. This LLC management structure is known as what?

The IRS will allow Betty’s Home Care, LLC members to receive a salary, but the salary must be “reasonable” compared to the services performed.

Sally, Joe, and you form Letters, LLC for editing books, articles, dissertations, research paper, and similar documents. Each of you work from your home office and come together weekly, at a local Summer Moon, to discuss the LLC’s current and new projects. You all agree that there is no need for a separate level of management and they you can collectively management the LLC. The form of LLC management that you have decided on is best described as manager-management.

If a Lawn Specialists, LLC decides to pay a member a salary for services they provide, the salary is classified as a “guaranteed payment” and will be taxed as ordinary income to the member.