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Posts tagged "Business Law"

What to know about the LLC structure

Most Pennsylvania-based businesses can be organized as limited liability companies. Such a company could have as little as one member. In this scenario, the company would automatically be taxed as a disregarded entity. This would mean that the profits and losses that the business incurs would go directly to the owner's personal tax return. If the LLC has two members, it will be taxed as a partnership by default.

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