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    3 Replies Latest reply on Jan 9, 2009 10:35 AM by LUCKIEST

    Single member LLC Tax status

    snowfall Newbie
      we started a single member LLC business last year and gross income is around 900K and the net income is around 25K. My self and my wife work and made around 110K as salaries. My question is, which tax status would be good for us , individual tax status for LLC and personal or combining both? Would like to save good money for our future investments in LLC. Appreciate your response.