LLC Taxed as Corp or S Corp
What is the main difference between having your LLC taxed as a Corporation or an S Corp ?
Most Popular Reply
If your single member LLC is disregarded, then the activities are taxed as if they were held by you directly in your name.
If your LLC is taxed as a C Corporation, then its taxed under Subchapter C of Title 26 (Internal Revenue Code) of the United States Code.
If your LLC is taxed as an S Corporation, then its taxed under Subchapter S of Title 26 of the United States Code.
If you LLC has more than 1 member and has not elected to be taxed as a C or S corporation, then its taxed under Subchapter K of Title 26 of the United States Code.