LLC_Issue

Lou, I'm not trying to get around this provision, I'm just trying to determine whether for an LLC you look to (i) or (ii) as the test. I cannot find a definitive source that says you just follow whether the LLC has elected to be treated as a partnership or corporation

Thanks, Lou. I understand how an LLC is treated is federal tax purposes. However, what I am particularly concerned by is how one measures ownership interest of the LLC for purposes of the party in interest rules of 3(14)(G). It would make sense that you would just follow how the LLC is taxed, but I'm looking for some definitive source that says that.

For the party in interest rules of ERISA 3(14)(G), is an LLC treated as a partnership? Can't seem to find any express authority out there... Thanks.