check the box and form 2553

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Gretel
    Senior Member
    • Jun 2005
    • 4008

    #1

    check the box and form 2553

    Never collected corporation status for a single-member LLC, to be precise S-Corp. status. Only form 2553 needs to be filed and I am fine until I reach the signature line "Signature of officer". A LLC typically does not have officers, they are members or managing members. Two options:

    1. Title: leave blank and ignore the word officer

    2. Amend the operating agreement and install at least one officer, problem solved.

    Anyone done this?
  • ChEAr$
    Senior Member
    • Dec 2005
    • 3872

    #2
    Originally posted by Gretel
    Never collected corporation status for a single-member LLC, to be precise S-Corp. status. Only form 2553 needs to be filed and I am fine until I reach the signature line "Signature of officer". A LLC typically does not have officers, they are members or managing members. Two options:

    1. Title: leave blank and ignore the word officer

    2. Amend the operating agreement and install at least one officer, problem solved.

    Anyone done this?
    Amending the OE is not an option since LLC's do not have officers.

    I've in the past simply lined through "officer" and penciled in the word "managing member".
    ChEAr$,
    Harlan Lunsford, EA n LA

    Comment

    • smithtax
      Senior Member
      • May 2012
      • 107

      #3
      Originally posted by ChEAr$
      Amending the OE is not an option since LLC's do not have officers.

      I've in the past simply lined through "officer" and penciled in the word "managing member".
      Or "Tax Matters Person".
      EAnOK

      Comment

      • Gretel
        Senior Member
        • Jun 2005
        • 4008

        #4
        Thanks to both of you. Harlan, while it is true that a LLC does not have officers in the corporation way of meaning they still can appoint offices. I just was appointed "President" for a number of LLC's, and no, I am not a member.

        Comment

        Working...