sewcpa
Level 5
08-02-2021
05:28 PM
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or a third option is that he operated during 2020 as a self employed (Sch C) and only had an empty shell of a company (LLC). [yes I know the default is a Sch C ]
But it sounds like he might not have been using the LLC-depends on contracts and which bank accts etc
And then get the late election into S corp so that future years can both file and operate as Scorp.