My company was started as an ecommerce firm. Entity I elected is "LLC", however, since I'm the only member of the LLC the IRS gave me two choices for tax purposes - categorize the entity as a "Sole Proprietorship", or as an "S-Corp".
Being that the business has a single member which is the better selection that gives me an advantage from a taxation point-of-view?
Once you make an election ( SMLLC /Sole Proprietorship vs SMLLC/S-Corp) can you change it.
Thanks in advance for your assistance guys. Really appreciate it.
Being that the business has a single member which is the better selection that gives me an advantage from a taxation point-of-view?
Once you make an election ( SMLLC /Sole Proprietorship vs SMLLC/S-Corp) can you change it.
Thanks in advance for your assistance guys. Really appreciate it.
Aucun commentaire:
Enregistrer un commentaire