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    #1

    Llc

    Working on LLC return. The articles state that members intend that company not be
    a partnership. Does not appear that anyone has filed for s-status, so how is return handled?? C-corp and it pays it's own tax??
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    #2
    Intent of the LLC "operating agreement" has little to do with its tax status. To be a C-corp or S-corp the proper elections have to be filed with the IRS. If it is a multi-member LLC and no elections to be a corporation have been made, then the LLC is taxed by default as a partnership regardless of the written intent.

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      #3
      thank you

      thankyou for your help....

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        #4
        somehow

        I'm reminded of the old saw: "The road to hell is paved with good intentions."
        ChEAr$,
        Harlan Lunsford, EA n LA

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