Multi Member LLC

Multi-Member LLC comprises of two or more members, with the flexibility of a partnership and limited liability. Multi-Member LLC tax returns are taxed like partnerships for both federal and state purposes.


  • No limits to members in a Multi-Member LLC.
  • Members can be individuals, corporations, or LLCs.
  • It does not pay corporate taxes and can opt to be taxed as an S-Corp or C-Corp without its hassles.


  • It requires registration with your state and other paperwork.
  • Failure to keep accurate records is a common mistake.
  • Company funds can be misused.
Next Level Tax Multi Member LLC