Luke and Darren dive into the details of a "LLC" (Limited Liability Company) and how this simple step in the process of setting up your business can save you troubles down the road. &nbsp;
They discuss:
<ul>
 <li>Why the LLC election is important</li>
 <li>How to obtain your LLC election</li>
 <li>The IRS standards for electing to become a single-member LLC versus electing to become a multi-member LLC.</li>
</ul>
 
For more information about Harrison Tax &amp; Accounting - visit: https://www.harrisontaxandaccounting.com/

Passthrough Entities – S-Corps and Partnerships

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