It's a little more complicated than that: > An LLC with either a single member or more than one member can elect to be classified as a corporation rather than

It's a little more complicated than that: > An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. File Form 8832, Entity Classification Election, to elect classification as a C corporation. File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. http://www.irs.gov/publications/p3402/ar02.html http://www.irs.gov/publications/p3402/ar02.html