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How are LLCs taxed? (Hint: You Can be an LLC and an S-Corporation, too!)

by Elizabeth Potts Weinstein | Oct 1, 2014 | Legal

If you’re thinking of forming a Limited Liability Company (LLC), one consideration is how forming the LLC will change your tax status as a business and as a business owner.Here’s the deal:Default Rule is that LLCs are Taxed as a Sole Proprietorship or a PartnershipIf...

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