Thread: LLC and taxes.
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HardDrive HardDrive is offline
Slackerous Maximus
 
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Join Date: Apr 2005
Location: Columbus, OH
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LLC and taxes.

I am going to form an LLC to cover some consulting/construction/property managment work I have been doing. I could see adding employees in the future.

2 questions:

A) I want to avoid taxes as much as possible(don't we all). Is there a disadvantage to having the LLC treated as a corporation for tax purposes?

B) Should I include my wife as a partner? Any reason that I should or shouldn't? She will not be an active participant in the venture. We file a joint return.
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Old 02-08-2010, 10:27 AM
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