How should I choose be taxed when forming an LLC?

  • Thread starter Thread starter Flight
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Flight

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I'm filling out the papers to form an LLC. Here is the question they give me:

"...The LLC is to be treated for purposes of federal income taxation as: "

(my options are)
- a partnership
- a corporation
or
- disregarded as an entity separate from its member

Can anybody clear this up for me? What exactly would each of these optinons entail? what should I choose?? Thanks!
 
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