Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

LLCs act as pass-throughs, distributing profits (and thus taxes) in proportion to ownership stakes. As a presumably sole owner of an LLC, he'd have to file a Schedule K-1 with the company tax return, which essentially moves the profits of the LLC onto his personal tax return (which is then taxed accordingly).


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: