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How a limited liability company pays income tax depends on whether the LLC has one member or more than one member, and whether the LLC elects to be treated as a different business form for tax purposes. A single member LLC is taxed as a sole proprietorship.What is a LLC formation?
LLC Formation. An LLC refers to a limited liability company and it is among the most preferred types of businesses formed. The number of firms formed as LLCs has outpaced the formation of corporations.What does LLC mean?
LLC stands for limited liability company. A limited liability company is a business that combines elements of corporations, partnerships and sole proprietorships. In an LLC, any entity can be an owner, including individuals, corporations, partnerships or trusts.What is a DC corporation?
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