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Question About Business, Finance

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Title: LLC Tax Questions (#3261)
Category: Business, Finance
Inquirer: Diego
Initial Price: $10.00
Description: I recently became a partner in an LLC. I am wondering how distribution of profits and losses works around tax time. Does the LLC still have to fill out tax forms even though it is an untaxed entity? What form do I receive from the LLC stating my share of P&L, and how is this transferred to my personal tax statement?
Question Expires: Question closed
End Time: 2005-11-20 19:06:10

Started: 2005-11-18 08:43:08

 

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