Hi all. Can you tell me how a limited liability company handles taxes? Is it easier?

 

When it comes to taxation, LLCs are at their best because they do not essentially have their own federal tax classification, but they can assume the tax status of sole proprietorships, partnerships, S-corporations or C-corporations.
The IRS automatically classifies LLCs as partnerships or sole proprietorships, depending on whether they have one or more owners. This means that LLCs can always take advantage of "pass-through" taxation, in which the LLC does not pay LLC or corporate taxes. You can learn more about LLCs by browsing zenbusiness reviews

 

Taxes for a limited liability company are very simple. On the whole, it is quite a convenient form of business