To Be Clear…LLCs Can Issue Qualified Small Business Stock (QSBS)
By EsqSocial Corporation 23/04/25
Since the finalization of the IRS’s “check-the-box” entity-classification regulations nearly 30 years ago, a state law LLC can elect to be taxed an association taxable as a corporation. During the past month, we have heard that there are tax practitioners who take the position that a limited liability company that has elected to be classified as an association taxable as a corporation by filing IRS Form 8832 (Entity Classification Election) cannot issue qualified small business stock (QSBS)...
By: Frost Brown Todd