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If you want to form an LLC but want the tax features about an S Corporation, you are required to get permission from the government by filing Form 2553. Timing is crucial, however. This form is due by the 15th day's the third month of the tax time. If you formed your company in May, you will be getting until August 15 to launch. Miss that deadline, and you will not be capable of taking advantage of S Corporation tax price savings. Too many online entrepreneurs love
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