Multi-Member LLC Taxation

[Miguel Feliciano]

I recently filed for an LLC with the state of Florida that includes myself and two others.

When filing for an EIN, if I choose to be taxed as an S Corp (form 2553); will my LLC become an S Corp or remain as an LLC with S Corp taxation?

I have already made offers on two properties as the LLC, will this have to change?

I've only ever had an LLC as the sole member and getting an EIN was easy. This is the first time I'm experiencing the problem with taxation.