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Typically, S-Corp status has more to do with how you're taxed than your entity type. Technically you can be either an LLC or a corporation and still be taxed as
by regulation_d 10y ago
Typically, S-Corp status has more to do with how you're taxed than your entity type. Technically you can be either an LLC or a corporation and still be taxed as an S-Corp, if you meet certain requirements (only one class of stock, no more than 100 shareholders, etc.)
- wasd 10y agoI didn't know this, thanks.