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Question:  I am contemplating purchasing an interest in a limited liability company as an investment. What tax consequences if any I should be concerned with?

Answer:   Various tax issues must be addressed in connection with the purchase of an interest in a limited liability company (“LLC”).   Of particular concern is ascertaining if there will be sufficient cash distributions from the company to satisfy your associated tax obligations. Limited liability companies with more than one owner or member are usually treated as partnerships for tax purposes requiring their members to report their proportionate share of the company’s income on their personal

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