I live in IL. If I create an LLC in Wyoming. Would I have to pay IL corporation tax?
Matt,
LLC does not pay corporate tax, unless it is elected to be taxed as C-Corporation (a rare case, statistically speaking), as it is a pass through entity.
What it means is this: whenever your LLC makes profit, this profit is distributed to you, and you pay the income tax on it (IL and federal).
(a) You made a typo in the card number, CCV code, expiration date, name or address;
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