Changes included in the Tax Cuts and Jobs Act (TCJA) force you and other small-business owners to reconsider whether a new venture should be conducted as a pass-through entity or as a C corporation.

Pass-through entities include partnerships and multi-member LLCs that are treated as partnerships for tax purposes.

LLC owners are called “members,” and a multi-member LLC means an LLC with more than one member. For the rest of this article—unless we say otherwise—when we refer to LLCs, we will be talking about multi-member LLCs that are treated as partnerships for tax purposes.

So what should you think about the advisability of operating a business as an LLC or a partnership in the post-TCJA world? Good question. Please keep reading. ... Log in to view full article.