LLC Tax Election

An LLC tax election is the decision you make to determine how your LLC is taxed. An LLC is a unique business structure called a limited liability company, but the IRS Code has not given the LLC a unique taxation section. So how is the LLC to

What is an LLC Entity Classification?

I don’t understand what an LLC entity classification is and how to get it? NS When you file an LLC you can choose to elect how your new business will be classified for tax purposes.  If your LLC has two or more members you can choose to be classified as either a corporation or a […]