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2. Partnership taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Partnership_taxation_in...

   This treatment is similar to corporations entity approach. Thus a partnership for tax purposes is a person, it can sue and be sued and can conclude legal contracts in its own name. The entity concept governs the characterization "income, gain, losses and deductions from the partnership operations, are initially determined at entity level.

3. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   Under partnership tax treatment, each member of the LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting the member's distributive share of the LLC's income or loss that is then reported on the member's individual income tax return. [25]

4. Starting an LLC: Do You Need One, How to Start and How Much ...

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5. Taxation in California - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_California

   At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.

6. How to start an LLC in 7 easy steps - AOL

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7. How to set up an LLC for investments like Series I bonds - AOL

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   Look for a low-cost state to set up the LLC. ... In any case, the cost of forming the LLC is tax-deductible, so it’s worth noting your expenses. 2. Check your eligibility.