single vs multi member LLC
Hey Guys,
I'm debating whether or not to set up the LLC as a single or multi member. I have been reading numerous articles/references on which to choose. Still awaiting my accountants response but he is hard to reach.
If I were to do multi member, it would be my wife and myself.
When it comes time to filing taxes, what would be the advantages/disadvantages?
Would I be able to claim more expenses with multi?
Would I be able to reduce taxable income with multi?
Or would having a multi just make the process difficult since there would be multiple filings?