June 28, 2023 |InLLC Establish Your Business Now Get started by selecting the right legal structure for your business. Next, all you need to do is fill out a simple application Select Entity Type
A limited liability company, or LLC, is a business structure defined by state law which protects its members from personal liability for company activity and involves a less complicated operational structure than a corporation. The IRS requires an LLC to elect tax treatment as an S corporation, t...
Once incorporated, a business can go about becoming an S corporation by completing and filing IRS Form 2553, "Election by a Small Business Corporation." This form contains the names of S corp shareholders who must sign the form in order to show that the election to become an S corporation ...
Read More:How to Terminate an S-Corp Election & Revert to an LLC Download IRS Form 8832 - Entity Classification Election - from the forms section of the IRS website. Fill out the form, following the instructions provided. Indicate, as directed, that you are changing your tax structure desig...