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Web an llc with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded. You also need to use this form if your llc is being taxed as a. When filing taxes with the federal government for the first time, you. Buy direct and save up to 20% online. Web an llc with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded. Ad get coverage instantly from biberk. You can change the tax status of your. Trusted by thousands of businesses nationwide. Web an eligible entity uses form 8832 to elect how it will be classified for federal tax purposes, as: Web pursuant to the entity classification rules, a domestic entity that has more than one member will default to a partnership. Get a quote and buy a policy in 5 minutes.