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Article Date:
July 2018


Word Count:
648

 

 

Q&A: What Are My S Corporation Election Options?


Question

 

I’m looking into electing S corporation status for 2017 and maybe even 2016. I’ve been running my business as a sole proprietorship through a single-member LLC.

 

I’m also undecided if I want to elect S corporation status for 2018, because I might start another company.

 

1.

What’s the process to elect S corporation status for tax years 2016, 2017, or 2018?

2.

Are there options to simplify the S corporation process and eliminate the need for payroll?

 

Answer to Question 1

 

You make the S corporation election for your single-member LLC by ... Log in to view full article.

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