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Form CT 3M4M , General Business Corporation MTA Surcharge Tax Ny

Form CT 3M4M , General Business Corporation MTA Surcharge Tax Ny

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we have the llc's that choose to be taxed as C corporations now this is less common but can be a good option for some llc's parly those that are looking to raise capital or go public and it might also be an option if you don't own any other companies with outside employees so a family-owned company and somebody in the family has huge medical expenses and that's because you can have an LLC tax as a C corporation pay for the insurance and medical bills of the employees and their immediate family members and take it as a tax deduction but the reason it doesn't work well if you have outside employees is that you would have to provide the same benefit to all the employees of that company and any other company that you own when an LLC elect to be tax is a C corporation it becomes a separate tax entity from its owners like an S corporation however unlike an S corporation the profits of the business are taxed at the corporate level distributions to share

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