Hey all! I’m in the process of setting up an LLC and getting my head around the whole tax situation. The different tax classifications and the “pass-through” concept for LLCs sound a bit complicated to me. I know LLCs can be taxed as a sole proprietorship, partnership, or corporation, but what does that actually mean in practice? How do you decide which is best? I’d love any advice, especially if anyone has experience with figuring out the best route.