I may file Form 8832 to reclassify my LLC as an "association taxable as a corporation", or form 2553 to elect status as an S Corp.
Staffing agencies frequently offer work called "W2 Hourly" and "Corp-to-Corp" (C2C). One has specifically stated "no 1099" and will accept an "LLC, *excluding single-member LLCs taxed as disregarded entities*". As a freelancer, I'd like to support as many types of compensation as possible.
Form 8832 or 2553?
What effect would this change bring?
What's the broadest range of income types I could support? Able to accept 1099 work in the future?
Would tax year 2019 be part "disregarded entity", part "taxable as corp"?
Current setup:
Single-member LLC taxed as "disregarded entity". Founded 2014 in Texas.
Solo401k - five years of max contributions.
All LLC income to date has been reported on 1099.
US Citizen. Serving US clients thus far.
