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What is double taxation?


Entity Classification Election Filing Service


Double taxation refers to the process by which a typical for-profit Corporation (or an LLC electing to be taxed like a Corporation) pays federal corporate income tax. Because in addition to the business paying income tax, its owners also pay federal income tax on the income they take from the Corporation (or from the LLC electing to be taxed like a Corporation).



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Does the application have any specific business name requirements? The name of the LLC should be entered exactly as it is on the LLC's Articles of Formation of equivalent formation documents filed with the state. In general, it must contain an appropriate LLC-type ...
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