Feb 14, 2025 · A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company.

Review information about the Limited Liability Company (LLC) structure and the entity classification rules related to filing as a single-member limited liability company.

Sep 9, 2024 · In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement.

Aug 22, 2024 · Review information about the Limited Liability Company (LLC) structure and the entity classification rules related to filing as a corporation or partnership.

Aug 21, 2024 · A Limited Liability Company (LLC) may face these issues. Form 8832 An LLC that is not automatically classified as a corporation and does not file Form 8832 will be classified, for federal tax purposes under the default rules. The domestic default classification depends on whether there is one member or more than one member –

Find federal tax information for people starting a business, and information to assist in making basic business decisions.

Mar 27, 2025 · This section provides procedures for getting out of business, including what forms to file and how to handle additional revenue received or expenses you may incur.

In order to become an S corporation, the corporation must submit Form 2553, Election by a Small Business Corporation signed by all the shareholders. See the Instructions for Form 2553 PDF for all required information and to determine where to file the form. Filing requirements:

Mar 10, 2025 · If you are forming a legal entity (LLC, partnership, corporation or tax exempt organization), form your entity through your state before you apply for an EIN. If you don’t form your entity with your state first, your EIN application may be delayed.

If an LLC wants to obtain its own exemption as a separate entity, it may file a Form 1023 exemption application. Both single-owner LLCs and LLCs with multiple members may file an exemption application.