Custom auto, llc, is a limited liability company. its members include dennis and emma. like other llcs with more than one member, unless indicated otherwise, the firm will automatically be taxed as a partnership.
A person with limited liability has their financial obligation set at a certain amount, usually the amount they invested in a corporation, business, or partnership.
When two parties, referred to as business partners, decide to work together to further their shared objectives, that arrangement is known as a partnership. A partnership can have one or more partners who are either individuals, corporations, nonprofits, educational institutions, or groups of these.
To know more about limited liability visit:
https://brainly.com/question/14609616
#SPJ4
