Well, if you have already organized as an LLC, then you must claim as an LLC on your income tax.
The truth of the matter is that an LLC and an S-corporation
are both taxed the same way. That is to say that neither the LLC or the S-corporation pay taxes at the corporate level and all of the income is passed through to the individual tax returns of the owners on a pro rata basis.
Your comment about double taxation refers to a C-corporation, which is different from an S-corporation. C-corporations
have to file tax returns and pay taxes at the corporate level, and then when the income is sent to the owners as dividends, it is taxed again.
You are in good shape with either an LLC or an S corporation
, but since you have filed with the Florida Secretary of State as an LLC, that is how you will report on your tax returns.
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