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Is an LLC the same thing as a corporation 2024?
Questioner：Amelia Lewis 2023-05-08 00:38:51
The most authoritative answer in 2024
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Caleb Richardson——Works at Uber, Lives in San Francisco. Holds a degree in Computer Science from Stanford University.
If the corporation qualifies as an S corporation and elects to be treated accordingly by the IRS, its is not taxed except on passive income and profits are allocated to shareholders. LLCs can receive four different types of tax treatment: A one-member LLC can be disregarded and its income attributed to the member.read more >>+119962023-05-12 00:38:51
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