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Web13 feb. 2024 · any person, who directly or indirectly (through any contract, arrangement, understanding, relationship or otherwise) owns 25% or more of the LLC any person with … WebOne ownership of an LLC may exist tempted into have the LLC choose to be treated as an S corporation for federal tax purposes. Anyway, there are a host of issues that should be considered earlier making save move. In this item, this authors discuss 10 reasons why it may not be helpful for an LLC to make an S corporation election. Web27 mrt. 2024 · Members of an LLC are individuals or other businesses who have exchanged cash, property, or services for an ownership interest in the LLC. Below is the … iowa free and reduced lunch 2019