Yes, even if the limited liability company chooses to be ignored as an entity for federal tax purposes and treated as an individual taxpayer or as a "division" of the general partnership. The law specifically says that limited liability companies are subject to tax, by including them in the definition of "taxpayer" or "person." Therefore, unless a particular limited liability company falls within an exemption contained in the law (see Tenn. Code Ann. Section 67-4-2008), it is taxable.
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