These LLCs are taxed much the same way as single-member LLCs but each member is required to pay taxes personally for their share of the LLC's profits. The tax requirements will be based on each member’s local jurisdiction. In many countries, taxes owed will be based on "allocated profit" not received profit. In this case, the member is required to declare and pay taxes regardless of if the member actually receives income from the LLC. The Operating Agreement of the LLC, or an additional supplementary agreement, should outline the allocation of profit to all its members.