Our business operations are closing indefinitely on 10/31/18. Need help? Contact Us Our business is closing indefinitely on 10/31/18
100% Independent Document Services. We are not affiliated with any government agency.
What this means

How is an LLC taxed?


Entity Classification Election Filing Service


The Limited Liability Company (LLC) entity type is flexible on how it can pay taxes to the federal government. It can pay taxes like a Sole Proprietorship, a Partnership, a Corporation, or even like an S-Corporation. With Sole Proprietorships, Partnerships, and S-Corporations, business income is taxes as the personal income of the owners. With a Corporation, the Corporation itself pays taxes on its income, and additionally, the owners are taxed on income they take from the Corporation. The Entity Classification Election is the filing an LLC makes to tell the IRS how it wishes to be taxed.



Explore this service further
What happens after my order is complete? SimpleFilings is a secure solution for several of the most common new business filings, like LLC Formation or Incorporation, DBA Registration, and obtaining your Federal Tax ID. But there can be ...
Read more
Do I need to have a Federal Tax ID before I file? Yes. The Entity Classification Election application requires a Federal Tax ID, also known as an Employer Identification Number. The Federal Tax ID must be specifically for the LLC that is applying. If...
Read more
Do I need to complete my LLC Formation filing before filing my LLC's Entity Classification Election? Yes. LLC Formation must be completed with the state prior to the filing of an Entity Classification Election for that LLC with the IRS. These are all filings that SimpleFilings can assist with upon ...
Read more
How is an LLC taxed? The Limited Liability Company (LLC) entity type is flexible on how it can pay taxes to the federal government. It can pay taxes like a Sole Proprietorship, a Partnership, a Corporation, or even like ...
Read more
View all questions about this service