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URL:  http://boards.fool.com/what-peter-meant-was-by-quothow-is-the-llc-30452422.aspx

Subject:  Re: Individual 401k question Date:  12/27/2012  12:55 AM
Author:  Wradical Number:  117220 of 121341

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.

Bill
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