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Updated about 1 year ago on .
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Requirements for having an LLC taxed as a C Corp?
Hi,
I've set up an LLC in Wyoming and I'm wondering what needs to be done in order to have it taxed as a C Corp.
Any help would be greatly appreciated.
Thank you,
Doug
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
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A single member LLC, by default, is a disregarded entity. You would need to file paperwork for it to be taxed as a Corporation.
A multi-member LLC, by default, is a partnership. You would need to file paperwork for it to be taxed as a corporation.
You should have a conversation with an accountant prior to making the election as it may be difficult to undo.
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Basit Siddiqi CPA
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