@Doug_L wrote:
If you're concerned about the answer mentioning partner and not member, I'd like to point out that
IRS Publication 541 (March 2022) states:
A domestic LLC with at least two members that doesn't file Form 8832 is classified as a partnership for federal income tax purposes.
Again, the dichotomy between state law and federal income tax law surfaces.
There may be no difference between a general partner in a partnership and a member in a multi-member LLC (treated as a partnership by default) for federal income tax purposes but there are differences with respect to those states that have adopted the ULLC (particularly in terms of liability and apparent authority).
