Talk:S corporation/Archives/2013

This is an archive of past discussions about S corporation. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page.

LLCs

Shouldn't the intro be modified to make clear not all LLCs are S corps? How's this language, "An S corporation or S-corp is a corporation, some limited liability companies, or other ..." —The preceding unsigned comment was added by Have Gun, Will Travel (talk • contribs) 19:26, 23 January 2007 (UTC).

Actually, I would argue that the language is merely listing the kinds of entities that could elect to be S corps. Maybe we can come up with some kind of language that makes clear that many LLCs are treated as partnerships for Federal income tax purposes. Stay tuned. Yours, Famspear 19:42, 23 January 2007 (UTC)

An LLC is not a corporation. "An LLC is not a corporation. ...", limited liability company. I don't see anything in the statue which suggests that a LLC can make a Subchapter S election. ``97.64.209.102 I have changed the "Qualification for S corporation status" section accordingly. 25 October 2013 (UTC)Terry Thorgaard (talk) 22:52, 25 October 2013 (UTC)