topic Should an two member LLC file as a partnership or and S-Corp? We are a two person LLC in California filing business taxes for the first time. in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/should-an-two-member-llc-file-as-a-partnership-or-and-s-corp-we-are-a-two-person-llc-in-california/01/761441#M30704 We have heard differing opinions about the best way to file federally. Fri, 07 Jun 2019 22:16:37 GMT lularoerachjess 2019-06-07T22:16:37Z Should an two member LLC file as a partnership or and S-Corp? We are a two person LLC in California filing business taxes for the first time. https://ttlc.intuit.com/community/business-taxes/discussion/should-an-two-member-llc-file-as-a-partnership-or-and-s-corp-we-are-a-two-person-llc-in-california/01/761441#M30704 We have heard differing opinions about the best way to file federally. Fri, 07 Jun 2019 22:16:37 GMT https://ttlc.intuit.com/community/business-taxes/discussion/should-an-two-member-llc-file-as-a-partnership-or-and-s-corp-we-are-a-two-person-llc-in-california/01/761441#M30704 lularoerachjess 2019-06-07T22:16:37Z If the LLC has not filed Form 2553 to make an election to... https://ttlc.intuit.com/community/business-taxes/discussion/if-the-llc-has-not-filed-form-2553-to-make-an-election-to/01/761452#M30705 <P>If the LLC has not filed Form 2553 to make an election to be taxed as a S-corporation, you don't really have a choice.&nbsp; The Multi-Member LLC is taxed as a Partnership.</P><P>As to whether or not it may be advantageous to make that election to be taxed as a S-corporation, that is something you should sit down with an tax professional (experienced with both Partnerships and S-corporations) so they can analyze the ENTIRE situation.<BR /></P> Fri, 07 Jun 2019 22:16:39 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-the-llc-has-not-filed-form-2553-to-make-an-election-to/01/761452#M30705 TaxGuyBill 2019-06-07T22:16:39Z