Hi Sir/Madam,
I have an LLC taxed as an SCORP started in 2022. When I filed for 2553 , the form said "An entity without stock, such as a limited liability
company (LLC), should enter the percentage of ownership and date(s) acquired" - so I put 100% since I am the sole owner
it's my first year filling 1120 S, what do I enter for Capital Stock ? Should I issue shares? Is it allowed for LLC taxed as S CORP?
Thanks so much. Appreciate all the help from Bogleheads forums.
Pooja