Roger, in Bangkok wrote: > ggrrr ... > "The IRS does NOT recognize ..." > > On Tue, May 12, 2009 at 6:03 AM, Roger, in Bangkok > wrote: > >> LLCs are separate entities only in the eyes of the particular state(s) >> where they are registered. Note that all LLCs are state registrations >> and >> come under laws that vary widely from state to state. The IRS tends does >> NOT recognize LLCs for tax purposes, so they treat all "members" of an >> LLC >> as an ordinary partnership for federal tax purposes only. Look at the >> state >> regs, most are no doubt online. Our company is an LLC that gets taxed as an S-corp. Vitaliy -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist