⚠️ Business owners — do NOT overlook this! Adding a second member to your LLC (even your spouse)… 👉 Instantly turns your business into a multi-member LLC 👉 Requires a Form 1065 partnership tax return 👉 Requires issuing K-1s 👉 Requires an IRS balance sheet 👉 Adds complexity and higher compliance costs Even in a non-community property state, two-spouse LLCs are not treated as single-member entities. Before you add someone to your LLC, know exactly what you’re signing up for. #defeatingtaxes #
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⚠️ Business owners — do NOT overlook this! Adding a second member to your LLC (even your spouse)… 👉 Instantly turns your business into a multi-member LLC 👉 Requires a
Teaching Tax Flow. . ⚠️ Business owners — do NOT overlook this! Adding a second member to your LLC (even your spouse)… 👉 Instantly turns your business into a multi-member LLC 👉 Requires a Form 1065 partnership tax return 👉 Requires issuing K-1s 👉 Requires an IRS balance sheet 👉 Adds complexity and higher compliance costs ...
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