llc filing as an s corp

The choice of business structure is one of the most crucial decisions that business owners have to make. Limited Liability Companies (LLCs) and S Corporations (S Corps) are two popular business structures, each with its benefits and considerations. However, what some business owners may not know is that an LLC can choose to be treated as an S Corp for tax purposes. This article delves into the concept of an LLC filing as an S Corp and why a business might choose to do so. Understanding LLCs and S Corps An LLC is a type of business entity that offers…