Delaware LLC Taxes

Understand Delaware LLC tax classifications, federal elections, and when S-Corp status makes sense for your business. Make informed tax decisions.

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Delaware LLC Tax Classifications

Single-Member LLC

Default Classification: Disregarded Entity

Tax Treatment: Schedule C

Self-Employment Tax: Yes

Simplest tax treatment - profits/losses flow to owner's personal return

Multi-Member LLC

Default Classification: Partnership

Tax Treatment: Form 1065

Self-Employment Tax: Yes

Partnership return required - profits/losses allocated to members

Corporate Election

Election Required: Form 8832

Tax Treatment: Form 1120

Self-Employment Tax: No

Double taxation but no self-employment tax on distributions

Optimize Your Delaware LLC Tax Strategy

Make the right tax elections and maximize your Delaware LLC's tax advantages. Our team works with experienced tax professionals to optimize your tax strategy. For legal or tax advice, consult a licensed attorney or CPA.

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