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LLC vs LLC with s-corp election

Asked by: Latisa Lynch - 15 February, 2013 I live in the state of Florida. I have and LLC with S-corp election. Does the s-corp election put my personal assets at risk versus just being a plain LLC.
Answered by: Robert Kowalski - 21 February, 2013 Latisa,

As far as the LLC's limited liability protection is concerned, there is no difference between one elected as partnersip/disregarded entity, and one elected as S-Corporation. S-Corp election has to do with how the LLC is taxed, and its filed with the IRS.


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