The income or losses of an LLC flow through to the members' individual income tax returns;this avoids double-taxation.

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This is a fundamental benefit of forming an LLC (Limited Liability Company), where the company itself doesn't pay taxes on its income. Instead, the income/losses pass through to the members, and they report the same on their individual tax returns. This means there's no double taxation as in the case of a traditional C-Corporation.

The Income or Losses of an LLC Flow Through to the Members