LLC Design and Implementation
LLC Design and Implementation
Tax Considerations and Consequences
LLCs come in four basic forms based on tax treatment which is usually chosen by the members. The four forms of LLC’s based upon tax treatment we shall call:
(i) LLC-D’s (those LLC’s taxed as a disregarded entity)
(ii) LLC-P’s (those LLC’s taxed as a partnership)
(iii) LLC-S’s (those LLC’s tax as an “S” corporation)
(iv) LLC-C’s (those LLC’s taxes as a “C” corporation)
These four forms of the LLC are functionally very different...
