Election Guide
LLC Tax Elections
Choose how your LLC is taxed
Tax Election Options
| Election | Description |
|---|---|
| Disregarded Entity | Single-member, Schedule C |
| Partnership | Multi-member, Form 1065 |
| S Corporation | Form 2553 election |
| C Corporation | Form 8832 election |
When to Elect S-Corp
Consider S-Corp If
Net profit exceeds $40-50K
Save 5-15% on SE tax
Stay Default If
Lower profits, simple structure
Less compliance burden