Form 2553: How to Receive the Tax Benefits of an S-Corp While Remaining an SMLLC (Single Member Limited Liability Company)

As an SMLLC (single-member limited liability company), taxes can be burdensome if one is paying taxes on all the profits that they receive from their company. However, IRS form 2553 can be filed, which would allow the SMLLC to reap the tax benefits of an S-Corp. In this instance, assume that the company is owned … Continue reading Form 2553: How to Receive the Tax Benefits of an S-Corp While Remaining an SMLLC (Single Member Limited Liability Company)