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.
Choosing a Tax Structure for Your LLC Unlike a corporation (like a C-Corp or S-Corp), a Limited Liability Company is not a separate taxable entity. The IRS refers to LLCs as âpass-through entities,â which simply means that the tax liabilities of the company âpass throughâ to you and your co-owners personal income tax.
Without filing this form, your LLC is classified under the IRSâ âdefault rulesâ. However, if your LLC files this form to be taxed as a Corporation, it cannot change its tax status for less than 60 months. Once it is classified as a Corporation, it can file a Form 2553 to be taxed as an S Corporation.Although the IRS may recognize and classify (for Federal tax purposes) an LLC as a Corporation (by filing Form 8832) or an S Corporation (by filing Form 8832 & 2553), an LLC is not a corporation.arning: An LLC is not a Corporation. Although the IRS may recognize and classify (for Federal tax purposes) an LLC as a Corporation (by filing Form 8832) or an S Corporation (by filing Form 8832 & 2553), an LLC is not a corporation.