I'm not a business guru by any stretch of the imagination. But I've been self-employed as a single member LLC for just over 13 years now. I have never been able to comprehend why on earth someone would want their LLC "treated like an S-Corp", since that election is for tax purposes only, and nothing else. Seems to be that since you have to "act" like an S-Corp to be treated like one, why not just set up the business "as" an S-Corp from the start, and be done with it?
But then, I do know laws for LLC's, S-Corps and C-Corps do differ from state to state, and I'm only familiar with the laws of my state of FL. It very will could be that based on laws of other states, the "treat me like an S_Corp" election may make perfect sense. But I certainly can't make sense of it, don't want to, don't need to, and really don't care to.
