The owners of a limited liability company are treated as self-employed for purposes of payment of federal FICA and Medicare employment taxes which they pay using the limited liability company’s Federal Employer Identification Number. Likewise, the limited liability company pays the employer’s share of federal employment taxes for employees using that number. The limited liability corporation pays any state unemployment taxes using a state unemployment number obtained from the Unemployment Insurance Division of the Minnesota Department of Employment and Economic Development which will also determine the initial rate applicable. According to the Minnesota Secretary of State, the limited liability company has become the most popular form of new business organization. The form filing is available at Minnesota Limited Liability Company Forms.
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