> *An LLC can elect to be treated as a C corporation for tax purposes* Still an ...

gamblor956 · on April 10, 2018

Still an LLC. We’re talking about entity formation and comparing jurisdictions; being legally precise becomes important in this context.

Right. It's still an LLC, for specific state legal purposes. And it's generally a C-corporation for tax purposes, federal and international law.

JumpCrisscross · on April 10, 2018

> it's generally a C-corporation for tax purposes, federal and international law

A single-member LLC electing to be taxed as a corporation will still be sued as an LLC (i.e. it can be pierced more like an LLC and less like a corporation), dissolved and maintained as an LLC and enter into contracts, open bank and brokerage accounts as an LLC, and have the same difficulties raising outside capital as an LLC.

Disclaimer: I am not a lawyer. This is not legal advice.