correct company: Single shareholder LLC taxed as s-corp. What is the correct company type to select in setup?
Since you are technically still an LLC you could choose LLC. But suppose you do want the extra hassle of tax mapping all your accounts, then you want the proper setup that includes the only pass through items for a S corp, which is 1120S, regardless of number of shareholder/member. […]
Resolution for 'correct company issue: 'Single shareholder LLC taxed as s-corp. What is the correct company type to select in setup?' available: Yes.
The correct company issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the correct company issue yourself by looking for a resolution described in the article. If it is a complex correct company issue or you are unable to solve the issue, you may contact us by clicking here or by using other correct company support options.
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