
Elect S Corp Status
- Entity must first be incorporated as a C Corporation or have filed as an LLC
- A C Corporation electing S Corporation status must submit and file IRS form 2553 signed by all shareholders
- An LLC electing S Corporation status must submit and file IRS form 2553 signed by all members
- An LLC electing to be taxed as a C Corporation must submit and file IRS Form 8832 signed by all shareholders
