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LLC entity selection
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LLC entity selection
LLC entity selection
Submitted by Intuit Tax Advisor Team on 02-14-2023 07:41 PMSelecting an LLC for operating a business has many benefits including pass-through taxation, choice of taxation (check the box), and the deduction of start-up expenses. For those LLCs created in Delaware, Nevada, Illinois, Iowa, Oklahoma, Tennessee, Texas, and Utah, they have additional limited liability benefits if the LLC is drafted as a Series LLC.
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