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What is an Entity Classification Election?


Entity Classification Election Filing Service


An Entity Classification Election is a filing submitted to the federal Internal Revenue Service (IRS) to tell them how to tax your business entity. For example, a single owner Limited Liability Company (LLC) may file to tell the IRS to tax them like a Sole Proprietorship. Or that same LLC may file to tell the IRS to tax them like a Corporation. Please note that the document preparation and filing service we offer for this election is only for newly-formed LLCs in particular.



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What does "election" mean? Election in this context means choice. So an Entity Classification Election is a business's choice of entity classification, which in turn determines how the IRS taxes them...
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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 ...
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What if I get a notice of non-acceptance from the IRS? Within 60 days of an Entity Classification Election filing to the IRS, the IRS should mail you a notice of acceptance or non-acceptance. If they indicate non-acceptance, they will usually also ...
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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 ...
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