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Today, Attorney Elizabeth Potts Weinstein discusses how to make your LLC be taxed as an S Corporation. By default, a single-member LLC is taxed as a sole proprietorship and a multi-member LLC is taxed as a partnership. You may choose to be taxed as an S Corporation for tax benefits. Before making the election with the IRS, ensure your LLC is formed and has an EIN. The deadline to make this election is 2 months and 15 days after the start of the tax year.