If the members of a limited liability company want to reinvest profits in the business, they may opt for the firm to be taxed as a corporation.

Question

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Members of a limited liability company (LLC) can choose for the LLC to be taxed as a corporation, allowing them to reinvest profits in the business without immediate distribution to members, which can be advantageous for growth and reinvestment strategies.

If the Members of a Limited Liability Company Want to Reinvest