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Taxable LLC

By IncNow | Published October 19, 2013

This is an LLC which has elected to be taxed like a C-Corporation which requires filing a Form 1120 U.S. Corporation Income Tax Return each year. This election takes place after filing an 8832 tax election with the IRS (within 75 days of formation or 75 days from the beginning of any calendar year after formation).

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go