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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 the election accomplish?
Can a filing be expedited?
What is a "member"?
The Limited Liability Company (LLC) entity type is flexible on how it can be taxed. It can be taxed like a Sole Proprietorship or Partnership (depending on if it has one owner or multiple), or it can ...
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No, it is the same turnaround time for everyone. We are usually able to submit your election to the IRS within one business day of receiving all required signatures, and the IRS should mail you a ...
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Member is the LLC term for owner. So a Single-Member LLC is has only one owner, and a Multi-Member LLC has two or more owners...
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