For federal income tax purposes, a limited liability company can choose to be taxed like a corporation.

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Limited liability companies are generally taxed as pass-through entities, meaning that the profits and losses are passed through to the owners and taxed on their personal individual tax returns. However, an LLC can choose to be taxed as a corporation by filing Form 8832 with the IRS. This election is known as the "check-the-box" election.

For Federal Income Tax Purposes, a Limited Liability Company Can