Technically, an LLC can’t be an S-Corp. That said, your LLC can choose to be taxed like an S-Corp.
This is because an S-Corp isn’t a business structure like an LLC or C-Corporation.
Instead, an S-Corporation is a tax election.
Meaning, your LLC can’t be an S-Corp, but it can choose the S-Corporation tax election for paying state and federal income taxes.
In other words, you can tell the government to have your LLC taxed as an S-Corp.
And you make the S-Corporation tax election by filing Form 2553 with the Internal Revenue Service (IRS).
That said, we don’t recommend choosing the S-Corporation tax election until your business is making at least $75,000 per year, or unless it saves you a lot on self-employment taxes.
Having said that, different tax professionals have different opinions on when (if ever) it makes sense to have your LLC taxed as an S-Corp.
Please speak with an accountant before filing any forms with the IRS. If you need help finding one, we’ve made a list of Accountant Recommendations in all 50 states.