is complicated and should be carefully considered before making the election. The associated group should consider its eligibility, its overall tax liability relative to separate filings, and the election’s effect on future years.
In order to form an LLC, you’ll have to choose a business name that is “distinguishable on the record”. That means the name is not already on the Secretary of State’s records as being the name of another domestic or qualified LLC or other business entity. This is important to know...