Tax
How are LLCs taxed?
Quick Answer
LLCs are pass-through entities by default — single-member LLCs file Schedule C, multi-member LLCs file Form 1065. An LLC can elect S-corp taxation (Form 2553) to save self-employment tax once profit consistently exceeds about $50,000.
Warren Team
Updated April 26, 2026
35
Warren Team
Updated April 26, 2026
35
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