100% Independent Document Services. We are not affiliated with any government agency.
What this means

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.


Explore more articles like this one
Are there any default elections?
What does the election accomplish?
Can a filing be expedited?
If a Limited Liability Company (LLC) does not file an Entity Classification Election, the Internal Revenue Service (IRS) will assume that it wants to be taxed it like a Sole Proprietorship if it has ...
Read more
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 ...
Read more
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 ...
Read more
View all articles about this service