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explain what an LLC is and some of the advantages of this business form. Discuss how an LLC is taxed when there is a single

  • explain what an LLC is and some of the advantages of this business form.
  • Discuss how an LLC is taxed when there is a single member and when there are multiple members, and include the tax forms (and names of the forms) required when filing taxes for an LLC.
  • include 3 different ways in which an LLC may file its tax returns, depending on the elections made on form 8832 and the number of members.

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