pk
Level 15
Level 15

Get your taxes done using TurboTax

@scsvel ,  thank you very much for your answers .  Based on these  and generally agreeing with  my colleague @DavidD66 ,  YES you  can indeed   file as S-Corp  ( i.e. single member LLC electing to file a S-Corp ).  I am assuming  that what you are trying to achieve is to have the S-Corp employ you ( as sole employee) and you become a W-2 employee rather than  file a Schedule-C  ( dis-regarded entity ).  Note though that there are wage / remuneration requirements  as an owner/employee of  S-Corp.  

I am sure you have  gone through the rules and regs. of an LLC  vs. Corp ( S in your case ), with an attorney  -- here is a very simple comparison --   S Corporation vs. LLC: Differences, Benefits | Wolters Kluwer

Please also consider  having an awareness of code sections 1361 through 1363

Is there  more I can do for you ?

 

Namaste ji

 

pk

 

View solution in original post