Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corp Status For Llc In King
State:
Multi-State
County:
King
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
The most convenient and tax friendly option is certainly LLC in your case. Why? Because, by default, LLCs are taxed through to the members--similar to partnerships--so that you avoid double taxation (ie first taxes on the company's profits and then taxes on your personal income).
Disregarded tax status is a good option for most business owners, especially new owners, as this is a simple taxation option that can automatically be applied to the LLC. In addition, this option does not require any additional paperwork to be taxed as a pass-through entity.
An LLC will file one of the following returns, depending on the situation: Single-member LLCs: Form 1040 (Schedule C, E, or F) Multiple-member LLCs (Partnership): Form 1065. S corporation: Form 1120-S.
