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Can all members of an LLC participate in LibertySmart Solutions?

April 26, 2017libertysmart LLC members participate solutions

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Can all members of an LLC participate in LibertySmart Solutions?

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• It depends on which way the LLC elects to be taxed. If they elect to be taxed as a partnership or an S Corporation then the answer is no, the members who are a greater than 1% shareholder cannot participate. If the LLC elects to be taxed as a Corporation then yes, all the members can participate.