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Hi, would you please point me to a link that talk to the potential tax liabilities that you mention could happen in the LLC case. I have spent a lot of money be
by benajibayassine 11y ago
Hi, would you please point me to a link that talk to the potential tax liabilities that you mention could happen in the LLC case. I have spent a lot of money because my lawyer and an investor's lawyer were arguing whether such liabilities exist or not. I walked away from the deal by then but I still want to know whether my lawyer was right. I would really appreciate more information.
- daegloe 11y agoUnlike C Corporations, LLCs are pass-through tax entities. This means profits and losses pass through to the individual members. [0] [0] https://www.sba.gov/blogs/6-things-you-need-know-about-your-tax-responsibilities-llc https://www.sba.gov/blogs/6-things-you-need-know-about-your-...
- benajibayassine 11y agoThanks a lot! .. and you would think a lawyer who charges $700 per hour should know that. Motherf*$&er!!
- sre_ops 11y agoThis is not always correct. LLC can elect to be taxes as corporations.