Thanks..It would depend on whether you accept the default tax status or elect corporate status for your LLC.SM-LLC (default): pass through to Form 1040, Schedule EMM-LLC (default): Partnership ReturnSM and MM-LLC (corporate status): Corporate return (Form 1120 or 1120-S)

Even if you elected to file as a partnership the tax impact is almost zero compared to a sole member filing under the tax ID of the individual.

Eddie - That is what happens when our elected officials rush to push through legislation without considering the ramifications.

Costa Rica has no army and elects a new president every four years.

Hi BP, in the past couple of days mortgage interest rate has jumped to over 4% since Election Day for primary residence mortgage borrower.

Can I change tax election?  

One interesting workaround I’ve heard for this is to appoint yourself as a “President” of an LLC with such signing authority as described a little at the 10 minute mark of this video.

Natasha RobinsonVice President of Renovation LendingNMLS: 332074(312) 383-6263(773) 459-6811(312) 635-8982

You should use a corporation for this business and make an 'S' election.

The government had to act or every incumbent was going to be facing a losing battle during their next election.