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    8 Replies Latest reply on Nov 21, 2008 8:17 PM by Elite1

    LLC being taxed as an S corporation in trucking business

    jnltrk Newbie

      As an trucking owner operator I set up an LLC (two members, husband and wife) and was advised to elect to be taxed as S corporation. Does anyone know if it would be best to keep the truck in one members name and lease to the corporation , or put truck in the name of the LLC? Considereing both tax benefits and liability?