Nonetheless, LLCs also can elect being taxed as both an S-corp or simply a C-corp. An S-corp can also be a move-by means of entity, but there are limitations on which LLCs can elect S-corp status. LLCs which can be taxed as C-corps are thought of taxable entities in their https://brooksjxmwg.blogdemls.com/35976406/the-smart-trick-of-best-states-for-llc-that-nobody-is-discussing