How to Change LLC to S Corp Tax Status || tutorial of IRS form 2553 to elect s corp status

(Per request from Patreon supporters!!) Do you have a limited liability corporation (LLC) and you'd like for it to be taxed like an S Corporation? This can be the best of both worlds, so you have the simplicity of an LLC with the tax benefits of an S Corp. In this video, I share a tutorial walkthrough of how to fill out Form 2553 and change the tax status of your LLC. IRS Form 2553: https://www.irs.gov/forms-pubs/about-... S Corporations Generally: https://www.irs.gov/businesses/small-... Join the Discord Community to connect with other small business owners like you & get access to exclusive events:   / discord   Join this Patreon to support the channel & get access to perks:   / elizabethpw   Did you find this video helpful? Feel free to send a tip to enable me to keeping making more videos! Tip Jar: http://paypal.me/elizabethpw Legal Disclosure: Elizabeth is licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice – please seek advice of counsel. This video and description may contain attorney advertising. Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. I may receive affiliate percentages on sales; if so, it will say “affiliate link” after the link. I will clearly disclose if I have received a free product, free service, discount, or any other compensation related to a review. Twitter:   / elizabethpw   (@ElizabethPW) EPW Small Business Law PC http://www.elizabethpottsweinstein.com Comment policy: I reserve the right to delete comments and block anyone from the channel due to threats, hostility, or spam.