A LLC is essentially a corporation, although some may 'choose' to file as a partnership.
A corp would file a 1120 or 1120S tax return. A C corp files an 1120 and pays taxes, an S corp files an 1120S and passes through any gains/losses to the shareholder(
Any accountant should understand that.
Do you mean an LLC taxed as a C corp???
A tax lawyer recommended this to us, but then spoke to an accountant who had
no idea what that meant... Puzzled now
From: john sheldon <johnlsheldon@
To: optionclub@yahoogro
Sent: Sat, May 1, 2010 8:35:35 PM
Subject: RE: [TheOptionClub.
I trade under an LLC & have a corp that manages the LLC to obtain more tax benefits.
John S
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