Re:Form a California LLC in 10 minutes for $70
by JumpCrisscross on Tuesday April 10, 2018 @07:04PM
(#16806436)
> 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.
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.