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<blockquote data-quote="moreluck" data-source="post: 896402" data-attributes="member: 1246"><p>This particular paragraph sounds as if you can.....</p><p></p><p>Income taxation:For U.S. Federal income tax purposes, LLCs are treated by default as a pass-through entity. If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes, and an individual owner would report the LLC's income on his or her individual tax return. For LLCs with multiple members, the LLC is treated as a partnership and must file the <span style="color: #0645ad">IRS</span> Form 1065. The members of the LLC would be treated as partners and each would receive a K-1 reporting the share of the LLC's income or loss to be reported on that member's tax return.</p><p></p><p><a href="http://en.wikipedia.org/wiki/Limited_liability_company" target="_blank">Limited liability company - Wikipedia, the free encyclopedia</a></p></blockquote><p></p>
[QUOTE="moreluck, post: 896402, member: 1246"] This particular paragraph sounds as if you can..... Income taxation:For U.S. Federal income tax purposes, LLCs are treated by default as a pass-through entity. If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes, and an individual owner would report the LLC's income on his or her individual tax return. For LLCs with multiple members, the LLC is treated as a partnership and must file the [COLOR=#0645ad]IRS[/COLOR] Form 1065. The members of the LLC would be treated as partners and each would receive a K-1 reporting the share of the LLC's income or loss to be reported on that member's tax return. [URL='http://en.wikipedia.org/wiki/Limited_liability_company']Limited liability company - Wikipedia, the free encyclopedia[/URL] [/QUOTE]
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