An LLC may opt to be taxed in the following ways in US:

• Disregarded Entity- LLC with multiple members are considered as pass-through entities. Members will have to pay tax on their individual share of profits in LLC. LLC is not liable to pay taxes.
• C Corporation- An LLC may choose to be taxed as C Corporation by filing Form 8832 with IRS. C Corporation shall be liable to pay tax & file Form 1120 with IRS to file taxes in US.
• S Corporation- An LLC may choose to be taxed as S Corporation by filing Form 2553 with IRS. Under S Corporation, members are liable to pay taxes in proportion to their share in LLC. Corporation shall be liable to pay tax & file Form 1120S with IRS to file taxes in US.
• Partnership- A domestic LLC with at least 2 members can choose to tax as partnership for federal tax purposes.