What are the signs that my LLC should elect S-corp status?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An LLC’s move toward S-corp status is often considered when the business has steady profit, the owner is taking most of the income as active compensation, and payroll compliance can be handled cleanly. The picture also depends on how predictable the earnings are, whether there are multiple owners, a For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.