LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less Quotes

“Getting a tax ID is absolutely free, and the entire process only takes a few minutes. Simply visit irs.gov, search for “EIN,” and fill out the online application.”
― Mike Piper, LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less

“The business must file Form 2553 along with Form 1120S (the form for an S-corporation’s annual tax return) no later than six months from the date Form 1120S would have been due for that year, No shareholder of the corporation can have reported his or her income for the year inconsistently with the S-corp election, and”
― Mike Piper, LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less

“LLCs are allowed to elect S-corp taxation by filing Form 2553.”
― Mike Piper, LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less