LLC Tax Preparation & Planning
Tax preparation, year-round planning, and entity-classification election services for single-member LLCs, multi-member LLCs, and LLCs electing corporate tax treatment.
What problem this service addresses
LLC tax treatment depends on entity-classification elections that most owners make passively or by default. A single-member LLC is disregarded for tax. A multi-member LLC is a partnership unless it elects otherwise. An LLC can elect S-corp or C-corp treatment via Form 8832 (and Form 2553 for S-corp). Each choice has different implications for payroll tax, distributions, ownership flexibility, and exit treatment. Most LLCs are sitting at the default classification when a different election would save material money.
How we approach llc tax
- Form 1065 partnership returns for multi-member LLCs with K-1 generation
- Schedule C preparation for single-member LLC owners
- Entity classification election analysis (Form 8832)
- S-corp election filing for LLCs (Form 2553)
- Multi-member LLC special allocation analysis under Section 704(b)
- Operating agreement review for tax compliance
- Multi-state LLC compliance and franchise tax filings
Our approach is documented in our client success methodology and our editorial standards. We are not a CPA firm; for engagements requiring CPA attestation we coordinate with our licensed CPA partner network. We do not exaggerate credentials or results.
The process from inquiry to ongoing work
Discovery & Scope
We confirm the current entity classification, prior-year filings, ownership structure, and any pending changes.
Election Analysis
When a different classification would save material money, we run the analysis with quantified annual savings and document the decision.
Year-Round Planning
Throughout the year we monitor for events that would change the tax answer: new owners, new states, ownership transfers, growth past S-corp thresholds.
Annual Filing
Federal and state returns prepared and delivered for client review at least ten business days before each filing deadline.
FAQ
Should my LLC elect S-corp status?
If your LLC has net income above approximately $80K to $100K and you take meaningful owner draws, S-corp election typically saves payroll tax. Below that threshold the savings rarely justify the added compliance cost. We run the math individually.
I have a single-member LLC with no income, do I file a return?
Single-member LLC income is reported on the owner's personal return (Schedule C, E, or F as applicable). The LLC itself does not file a federal return unless it has elected corporate treatment.
What about state franchise tax?
State LLC fees and franchise taxes vary widely. California imposes an $800 minimum franchise tax. Texas requires the Franchise Tax report. Delaware requires the annual franchise tax. We file all required state returns.
Can you handle a multi-member LLC with foreign members?
Yes. See our Foreign-Owned LLC page for that specific scenario.
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