What entity type should be selected for a LLC?
Select the one that matches the form of taxation the entity elects for their federal tax return. Ascertain if employer files as a S Corp, C Corp, Partnership, or Sole Prop since the IRS doesn't recognize LLC.
Typically a single member LLC is treated as a sole prop and a multi-member LLC is treated as a partnership, but the entity has the option through Form 8832 to elect their form of taxation.
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Article DKB00140