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Get your taxes done using TurboTax
Even if you have a multi-member LLC, the default entity type is a partnership.
As such, members (partners) could only receive guaranteed payments, which are reported on their K-1s (not W-2s).
In other words, partners of a partnership and members of an LLC (under the default classification) cannot be employees of the entities of which they are partners/members.
‎July 27, 2022
10:22 AM