Even so, LLCs could also elect to generally be taxed as possibly an S-corp or possibly a C-corp. An S-corp is usually a go-through entity, but there are actually limitations on which LLCs can elect S-corp position. LLCs which might be taxed as C-corps are considered taxable entities in their https://gregorypplhd.laowaiblog.com/34991521/the-basic-principles-of-best-states-for-llc