One thought on “How is a limited liability company (LLC) taxed?

  1. Arti says:

    These members are considered self-employed and are responsible for paying self-employment taxes. By default, an LLC with one member is taxed as a sole proprietorship, and an LLC with multiple members is taxed as a partnership. As mentioned, avoiding double taxation is one of the main benefits of starting an LLC; however, it’s important that LLC owners understand the individual taxes they are responsible for. There is a lot at stake when you start your own business. There is a lot at stake wh It helps to keep business and personal separate, so you are protected from any business debts, claims, lawsuits, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *