The income of a limited liability company cannot be taxed to the members as though they were partners.

Name: The income of a limited liability company cannot be taxed to the members as though they were partners.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

Limited liability companies (LLCs) can choose to be taxed as partnerships, meaning the income can indeed be passed through to the members and taxed as personal income, avoiding double taxation.

The Income of a Limited Liability Company Cannot Be Taxed