Thanks.
Back off to the definition of SMLCC for the case of LLC co-owned by Spouses.
This is how the CA FTB website defines it. "If you are married, you and your spouse are considered one owner and can elect to be treated as an SMLLC."
How does the "election" be made? Do I need to file a form to elect to it or is it automatically elected if I don't do anything to treat it as an SMLLC. I don't find any explanation of how to elect. Many thanks.
