Under proposed regulations issued by the Treasury Department, in which of the following situations should an LLC member be treated as a general partner for self-employment tax purposes? A. The member is not personally liable for any of the LLC debt.
B. The member has authority to contract on behalf of the LLC.
C. The member spends 450 hours participating in the management of the LLC's trade or business during the taxable year.
D. The member is listed on the LLC's letterhead.

Where are the choices.

Cis te correct i think i c idk but i think it is c

Yes i believe the answer is b. it seems to be the most logical answer. hope this . : )

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.