An LLC is a flexible entity for tax purposes and can be treated as a sole proprietorship, a partnership, or even elected to be a corporation. However, some of the benefits and rules around these elections have changed in recent years, especially when it comes to which structure is most beneficial.

In this one-hour webinar, we will cover some basics about LLC taxation, the benefits of different elections, and some potential pitfalls—including filing requirements for foreign-owned disregarded entities and the K-2 and K-3 filing requirements.

Learning Objectives:

• Summarize the basics of LLC taxation


• Determine the benefits of different elections and possible pitfalls for foreign-owned disregarded entities


• Identify the K-2 and K-3 filing requirements