Posts tagged Types of business entity

Can an LLC be Taxed as an S Corp

Can an LLC be Taxed as an S Corp
Tweet Yes, it can. An LLC can be taxed as an S Corp, assuming it qualifies for S Corp taxation status. An LLC can also be taxed as a C Corporation for that matter. This makes an LLC a very flexible business type. Option 1: LLC electing to be treated as a Corporation A. Single Owner LLC: If the LLC has only one owner, the IRS will automatical [...]

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