LLC Tax classification

by Tina

We are a 3 member family owned and operated LLC located in Maryland. We have no employees and do all the work ourselves. We are primarily women owned with myself, a female, at 51%, my daughter at 5%, and my husband at 44%. We started our LLC with all personal funds, no loans. Which would be the best LLC tax classification that would benefit our business? There are several to choose from. I personally take no draws from the business for income as I still work outside the business however my husband does.