{ "media_type": "text", "post_content": "Not necessarily investment advice, but I am applying for an EIN for my LLC. Single member LLC, plan on doing social media and possibly some consulting work depending on the client. My question is should I file a Form 2553 to have my LLC have an S corp status? I would like to use the revenue to pay my rent or for other discretionary income outside of my 9-5 (less than 2k/mnth). So does it make sense to do a form 2553 so I can pay myself as the sole prop, deducted that payroll from taxes?", "post_id": "6005e4ca96c4fd0029ff4c97", "reply_count": 0, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Not necessarily investment advice, but I am applying for an EIN for my LLC. Single member LLC, plan on doing social media and possibly some consulting work depending on the client. My question is should I file a Form 2553 to have my LLC have an S corp status? I would like to use the revenue to pay my rent or for other discretionary income outside of my 9-5 (less than 2k/mnth). So does it make sense to do a form 2553 so I can pay myself as the sole prop, deducted that payroll from taxes?

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