A default classification is the classification that an entity is given based on the nature of the entity and the laws of the jurisdiction in which it is organized. For example, an LLC is typically classified as a partnership for tax purposes by default. An elected classification, on the other hand, is the classification that an entity chooses for itself through the filing of Form 8832. For example, an LLC may choose to be taxed as a corporation by filing Form 8832 to make a late election or change of election.