The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Individual 401k question||Date: 12/27/2012 12:55 AM|
|Author: Wradical||Number: 117220 of 124778|
What Peter meant was by "How is the LLC taxed" is:
1. Is your LLC a solely owned LLC? If so, and you have not made any other elections, it is taxed as a sole proprietorship.
2. If there are multiple owners, and you have not made any other elections, it is taxed as a partnership.
3-4. But you could have elected to be taxed as a corporation (C-Corp or S-Corp.)
And options 1,3, and 4 could have a solo 401(K). So we're still wondering.
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