Hey @GeorgeM777 , just for the sake of debate/playing devils advocate - would it also be reasonable to read those two paragraphs as separate statements? They’re both in the ‘Tax’ section of the article. So could it be that paragraph 1 lists the exception that applies for the first year (inclusive of SMLLC). And paragraph 2 is simply mentioning that every partnership and single member LLC is required to pay $800/year typically, even if it’s a disregarded entity. But it’s not negating paragraph 1. It’s just a separate statement in the tax section and happens to be below the paragraph discussing the first year exclusion. Paragraph 2 also mentions that partnerships are required to pay the tax, but that’d pretty directly go against paragraph 1, which is why I believe they’re intended to be separate statements and not connected.
