People use Chinese medicine to treat many illnesses from asthma and allergies to cancer and infertility. Chinese doctors may use several types of treatment to restore qi balance. Chinese medicine therapies include: 1  Acupuncture, which uses thin metal needles placed along the body's meridians.2  Acupressure, which uses the hands or fingers to apply direct pressure to points along the body's meridians.eople use Chinese medicine to treat many illnesses from asthma and allergies to cancer and infertility. Chinese doctors may use several types of treatment to restore qi balance. Chinese medicine therapies include: 1  Acupuncture, which uses thin metal needles placed along the body's meridians.
Profits of an LLC are generally distributed to the shareholders in the same fashion as a general partnership. Any profits that are not distributed at the end of the LLC's tax year are considered retained earnings. The IRS has specific rules that pertain to the tax treatment of excess retained earnings. Once retained earnings hit a certain threshold, the excess accumulation can be taxed unless the corporation can justify the accumulation. How Retained Earnings Works Like a partnership, an LLC records its income and expenses and then passes the net profit or loss to the individual shareholders based on the shareholders percentage of stock ownership.
Most LLCs operate on the calendar year, but some may elect a different fiscal year. Total California LLC taxes are in addition to any U.S. federal income taxes due. Unlike California corporation taxation, neither the LLC tax, nor the LLC fee, are dependent on profits. Click here for general LLC information, inculding information about U.S. federal (IRS) taxation of LLCs. See also: California LLC formation LLC or S corporation? California Franchise Tax Board LLC Tax Information April 2017 Revision