Nevertheless, LLCs may also elect to get taxed as possibly an S-corp or even a C-corp. An S-corp is usually a move-by way of entity, but there are actually limitations on which LLCs can elect S-corp status. LLCs which can be taxed as C-corps are viewed as taxable entities in https://legal-entities-for-entrep97294.ttblogs.com/15791964/how-much-you-need-to-expect-you-ll-pay-for-a-good-best-states-for-llc