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FWIW, an LLC can elect to be taxed as an S-corp.


Unless you cannot, because you aren't in the allotted time window. Can distributions be treated as dividends?


Unless you cannot, because you aren't in the allotted time window.

Yes, there are rules around the whole thing. But, in principle, it is possible to have an "S LLC". But this kind of stuff is exactly where it's important to have good / knowledgeable advisors to help with this kind of stuff, because what average mortal understands the myriad of byzantine IRS regulations?

Can distributions be treated as dividends?

No idea. :-(




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