Web4 Apr 2024 · Step 4 – Get an EIN from the IRS. The IRS requires that all General Partnerships get an EIN (Employer Identification Number). General Partnerships need an EIN to file the Form 1065 Partnership Return each year. For more information on Partnership Taxation, our article on LLCs taxed as Partnerships can help.. To explore the steps required to obtain an … Web10 Feb 2024 · Like an LLC, an S corp enjoys pass-through taxation, meaning income taxes are passed on to shareholders to declare on their personal returns. An S corp differs from an LLC in that it has limited ...
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