The LLC Taxed as S Corporation – Should Your Convert Your Single Member LLC?

The LLC taxed as S corporation – good idea or bad?By default, a single-member LLC is classified for tax purposes as a “disregarded” entity, that is, the entity is ignored by the IRS and the sole member is the taxpayer.  Thus, an individual as a sole member running a business would be taxed on his … Continue reading The LLC Taxed as S Corporation – Should Your Convert Your Single Member LLC?