Does an S election trigger a requirement for an LLC to appoint a Board, or can the LLC remain Member or Manager managed under an S election?
1 Answer from Attorneys
You may be mixing up Corporations and Limited Liability Companies. If you are referencing the desire to be treated by the IRS as Corporation, specifically a S corporation, I would need more information to provide an answer and may likely refer you to a CPA or tax attorney due to the potential for complications from such a choice. That is the only fact pattern I can think of that would apply to the question as posed.
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