LLCs are flexible entities 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.

This webinar will cover some basics about LLC taxation, the benefits of different elections, some potential pitfalls including filing requirements for foreign-owned disregarded entities, and the K-2 and K-3 filing requirements. It will cover new information reporting requirements that may affect LLC owners and updates on what is changing for LLCs, including both disregarded entities and partnerships.  The webinar will additionally explore structuring options and which elections are best in various scenarios. Join this webinar and look toward the future and what changes may be coming based on international tax and legal developments.

Learning Objectives:

• Determine the various tax treatment options available for LLCs, including sole proprietorship, partnership, and corporation status


• Identify the benefits, potential pitfalls, and filing requirements associated with different tax election choices for LLCs


• Recognize recent changes in LLC taxation, information reporting requirements, and potential future developments influenced by international tax and legal changes