Q:

How are Limited Liability Companies (LLC's) taxed for Louisiana income and franchise tax purposes?

1
Like
Answer
Comment
Flag
Thanks for your feedback!
A:

1 Answer

rank
1
2
Like
Comment
Flag
An LLC is taxed and treated in the same manner for Louisiana income tax purposes as it is taxed and treated for federal income tax purposes. If the LLC is taxed as a corporation for federal income tax purposes the LLC will be taxed as a corporation for Louisiana income tax purposes. If it is considered a partnership for federal income tax purposes (the most common situation) then it is treated as a partnership for Louisiana income tax purposes. An LLC is always treated as a partnership for franchise tax purposes and therefore is not subject to Louisiana franchise tax.  more
revenue.la.gov
7 more sources
Hide

Related Videos

Add your answer...

Top Answerers

1.
Cheap SSL Certificates
7 Answers in the past week
2.
vanity fair
7 Answers in the past week
3.
Robert Turner
4 Answers in the past week

Top Askers

1.
Frank Bell
2 Questions in the past week
2.
Frank Bigaglow
3 Questions in the past week
3.
Charles McAtee
2 Questions in the past week

Top Supporters

1.
Tom Wagner
9 Likes given in the past week
2.
Susan Brunner
3 Likes given in the past week
3.
CableAnd OtherThings Too
2 Likes given in the past week
...