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Updated almost 8 years ago,
Distributions and taxes for an LLC
Hey BP,
I am considering forming an LLC with two other partners and I wanted to understand the tax implications of that.
- Can we choose to not have any distributions and "save" the money in the LLC for future investing tax free? I.E. if we don't distribute it, is it still "passed through" taxed?
- How complicated to taxes on partnerships get? Is it more or less complicated to me on my to have a partner