Are limited liablitliy corporations considered corporations for the purpose of 1099s?
![]() |
Are limited liablitliy corporations considered corporations for the purpose of 1099s?
No, they are not.
LLC is a legal term for limited liability company. As a tax entity, they are either sole proprietorships, partnerships or, in some isolated caes, a subchapter-S corporation.
All times are GMT -7. The time now is 07:28 PM. |