A limited liability company that wants to distribute profits to its members could avoid "double taxation" by electing to be taxed as

Name: A limited liability company that wants to distribute profits to its members could avoid "double taxation" by electing to be taxed as
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Question

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A limited liability company (LLC) can avoid double taxation by electing to be taxed as a partnership. In this tax structure, profits are passed through to the members and taxed only at the individual level, not at the corporate level.

A Limited Liability Company That Wants to Distribute Profits to Its