4 ms·
Illinois resident and business owner here. Our company is an LLC (set up on the Secretary of State website for $150) but we elected to be taxed as an S-Corpora
by fredstarr 5y ago
Illinois resident and business owner here.
Our company is an LLC (set up on the Secretary of State website for $150) but we elected to be taxed as an S-Corporation by filling out and submitting the FREE Form 2553 obtained from the IRS website. We had this set up 8 years ago and have not had any problems/issues since. I'm sure you can do the same for a C-Corp.
The link to the IRS Tax-Election section is https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations https://www.irs.gov/businesses/small-businesses-self-employe....
Let me know if you have any additional questions.
Good luck.