Yeasina Rafat LLC — US LLC formation and upkeep | yeasinarafatllc.com
The IRS assigns an LLC its default tax treatment the day it exists; changing that treatment is a form with a deadline attached.
The defaults run on headcount. A single-member LLC is taxed as a disregarded entity — the IRS looks through the company to the owner. With two or more members, the default becomes partnership treatment. Neither requires a filing; both apply automatically.
The elective path is S-corporation status on Form 2553, and it is governed by a 75-day window: the form must be filed within 75 days of forming the LLC, or within 75 days of the start of the tax year. An election filed on day 76 is late for that window.
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Missing the window is not fatal and not permanent. The default treatment simply stands until the next window opens at the start of the following tax year, when the same 75-day rule applies again.
Once an election is in place, the year acquires a quarterly rhythm: estimated payments fall due four times, traditionally on the 15th of April, June, September and the following January. Those four dates sit on top of the state calendar, not in place of it.
The state deadlines run in parallel and do not move for federal elections: California's $800 franchise tax is due every year regardless of income, Delaware's $300 annual tax recurs after formation, Florida's annual report lands by May 1, and New York's biennial statement arrives every two years. The step-by-step chapter shows where the election falls in the formation sequence, and the fees chapter prices the state side.
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