What is the purpose of an LLC.
What is the purpose of an LLC.
In some states it may prevent triggering sales taxes if partner(s) sell or buy shares to others.
For the AC 8050-1, for "type of Registration", as an LLC, did you simply check off the box for "Corporation"?
My 8050-1's have checkboxes for 1. Individual, 2.Partnership, 3.Corporation, 4.Co-Owner, 5.Governent, 8, Non-Citizen Corporation, 9. Non-Citizen Corporation Co-Owner.
I have a sole-member USA-Based LLC, so guessing I should check Corporation since there's no box for LLCs.
Is that correct?