On the other hand, LLCs may elect to be taxed as both an S-corp or simply a C-corp. An S-corp is additionally a move-by way of entity, but you'll find restrictions on which LLCs can elect S-corp status. LLCs which are taxed as C-corps are thought of taxable entities in https://ericklwbhn.tblogz.com/the-greatest-guide-to-best-states-for-llc-49443670