Nevertheless, LLCs can also elect to generally be taxed as either an S-corp or possibly a C-corp. An S-corp is additionally a go-as a result of entity, but there are actually constraints on which LLCs can elect S-corp position. LLCs which are taxed as C-corps are thought of taxable entities https://finnyodny.isblog.net/the-2-minute-rule-for-best-states-for-llc-53193977