A limited liability company (LLC) is an entity formed under state law by filing articles of organization as an LLC. None of the members of an LLC are personally liable for its debts. An LLC may be classified for federal income tax purposes as either a partnership, a corporation, or an entity disregarded as an entity separate from its owner by applying the rules in regulations section 301.7701-3.
More Information
For more information, see the instructions for Form 8832,
Entity Classification Election.
Sole proprietorships | Partnerships | Corporations | S Corporations
Information courtesy of the Internal Revenue Service.
