How does taxation change for an LLC when the S-Corporation election is made? ...
90.2K
Verified Solution
Link Copied!
Question
Accounting
How does taxation change for an LLC when the S-Corporation election is made?
How does taxation change for an LLC when the S-Corporation election is made? The LLC now has an entity (corporate) level tax The LLC can separate reasonable compensation and distributions The LLC can benefit from retaining its earnings The LLCs can now enjoy lower corporate tax rates
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
