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re: Tax question for new business
Posted on 4/30/13 at 10:59 pm to ColdDuck
Posted on 4/30/13 at 10:59 pm to ColdDuck
You can switch after your original filing, but you can't go back and forth between the two. I've heard as a general rule that once an LLC files as an S-Corp, they can't change for 5 years or so, depending on the circumstances.
I'm sure poodle and others know more about this, but it is possible to change in the long term.
I'm sure poodle and others know more about this, but it is possible to change in the long term.
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