Business & farm

No, members of LLCs and partners in partnerships are generally considered to be self-employed (not employees of the LLCs or partnerships) and receive K-1s, not W-2s.

 

If the LLCs are single-member LLCs (without elections to be taxed as corporations), then they are disregarded entities and each member is considered to be self-employed and reports income and expenses on Form 1040, Schedule C.