QUESTION ON Forming an LLC Taxed as S-corp Hello. If I form an LLC and elect to be taxed as a S Corp, will I be able to partake of the Self Employment Tax Savings as well as the management ease of a LLC? Single employee computer consulting - Pete Danner - TX ANSWER Dear Pete: You hit the nail right on the head. An LLC that elects to be taxed as an S … [Read more...] about Forming an LLC and Electing to be Taxed as an “S” Corp