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Limited Liability Company, Hereinafter Company, and Applicable Laws, a  Form

Limited Liability Company, Hereinafter Company, and Applicable Laws, a Form

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can you explain uh the tax treatment of llc's the way that you are taxed when you file an LLC really depends on um you know how many members are in your LLC so let's just say it's just one person then you will be taxed as a sole proprietor or tax as a disregarded entity but if you have more members in your LLC like let's say you and your partner um start an LLC together then you will be taxed by default as a partnership the good news is that you know there are these default tax statuses that you are given when you file for an LLC you can always change your tax election which a lot of people do um instead of accepting their default tax status they file additional paperwork to to be taxed as an escort [Music]

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