Limited Liability & Professional Corporations:

For employees of a Limited Liability Corporation, premiums paid by the employer are generally excluded from the employee's gross income.  Owner/shareholders in a LLC with 10% or greater ownership are not treated as employees for the purposes of LTC insurance.  The premiums paid by the LLC must be included in the shareholder's gross income.  Owner/shareholders of LLC follow the same guidelines for deductions as self-employed individuals.