Somebody told you that you should "elect S-corp status." Maybe it was another business owner, maybe it was a Facebook group, maybe it was your CPA in passing. And now you're sitting with a decision you don't actually understand, wondering if you're leaving money on the table by not doing it — or about to create a mess by doing it too soon. Here's the thing nobody explains clearly: an S-corp isn't a different type of business. Your LLC doesn't go anywhere. S-corp is a tax elec