Guest Philip Simpkins Posted June 7, 2002 Posted June 7, 2002 Please help! I am getting conflicting answers regarding the treatment of LLC's in a Cafeteria Plan. Can the owners participate? Which of the following opinions is correct? One answer is that LLC's are treated as partnerships no matter how they file their income taxes, therefore, the owners cannot participate at all. One answer is that it is based on how the LLC files. If the LLC files as a C-corp, there are no exclusions whatsoever. I have also come across a strange reference that states that owners of 10% or more of the employer are defined as "self-employed". It does not expound. Does anyone understand this sentence?
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