In most states,a limited liability company (LLC)is subject to the state income tax:

Question

Quizplus · Accepted Answer

LLCs are typically taxed as pass-through entities, meaning that the profits and losses of the business are passed through to the individual members and reported on their personal income tax returns. Therefore, they are not subject to state income tax as a separate entity. Instead, the members are responsible for paying taxes on their share of the LLC's profits or deducting their share of the losses on their individual tax returns. However, some states may impose a separate LLC tax, so it is important to check the specific tax laws in your state.

In Most States,a Limited Liability Company (LLC)is Subject to the State