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Form 2553

What is a Form 2553?

Form 2553 is the form, as per section 1362 US Law IRS, is there for small business entities and LLCs Limited Liability Companies to select to be an S Category Organizations under this law section. Any organization or business concern selects themselves under 1362(a) to be an S Corporation, being a small business or LLC or like. The form is used for electing the taxation category being an S corporation by the Organizations under this category as per said clause and sections of the US Law.