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Should You Operate Your Business as a Partnership (or an LLC Taxed as a Partnership)?

January 21, 2020

What form of business makes the most sense for you?

A general partnership?

A multi-member LLC taxed as a partnership?

An S corporation?

A C Corporation?

In this article posted with the Tax Reduction Letter you will get a close look at multi-member LLCs treated as partnerships for tax purchases.

Why? Because the multi-member LLC option will almost always be the preferred choice when compared to limited or general partnerships.

To find out why a multi-member LLC might make sense for you, don’t miss my new article titled Tax Tips: Should You Operate Your Business as a Partnership (or an LLC Taxed as a Partnership)?

Three ways our fact-filled article can help you:

  1. We’ll tell you two great reasons to consider a multi-member LLC. For starters, a multi-member LLC can produce superior tax results. Plus, it provides the same liability protection as a corporation! You’ll get all the details when you read the full article.
  2. We’ll explain the benefits of pass-through taxation. Your share of partnership taxable income, gains, deductions, losses, and credits all pass through to your personal return. That means you pay taxes at the personal level. And you don’t have to worry about the double-taxation issues that can potentially haunt C corporations. You’ll get the whole story when you read the full article.
  3. We’ll provide a lot more valuable information. We’ll cover your eligibility for the QBI deduction, how you can benefit from special tax allocations of income and deductions, and the reason why a general-partnership option is usually a bad idea, and much, much more. We’ll make everything perfectly clear when you read the full article.

Filed Under: Choice of entity, Filing tips, Self-employment Tax, Tax Planning

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