The partnership structure for an LLC is the default filing status under federal law. According to the IRS, if a partnership does not specifically file Form 8832, Entity Classification Election, the IRS will tax it as a partnership if it has two or more owners.
The term national committee means âthe organization which, by virtue of the bylaws of a political party, is responsible for the day-to-day operation of such political party at the national level, as determined by the Commission.â (2 USCS Â§ 431).he term national committee means âthe organization which, by virtue of the bylaws of a political party, is responsible for the day-to-day operation of such political party at the national level, as determined by the Commission.â (2 USCS Â§ 431).
PAC (Political Action Committee). an independent organization established by interest groups, political candidates, and people who hold office. PACs serve to raise and contribute money to the political campaigns of individuals whose platforms agree with the aims of the PAC.