How an llc is taxed when is a single member

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Problem 1: Explain what an LLC is and some of the advantages of this business form.

Problem 2: Discuss how an LLC is taxed when there is a single member and when there are multiple members, and include the tax forms (and names of the forms) required when filing taxes for an LLC. include 3 different ways in which an LLC may file its tax returns, depending on the elections made on form 8832 and the number of members.

Reference no: EM132712327

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