I recently established an LLC in New York State with me as the only Member (Single-Member LLC). Is there any reason for me to file an 83 (b) election or would that not apply in my situation? Thanks very much.
Single-Member LLC and 83(b) Election
Mar 16, 2009
2 Replies
I can't think of one, given that 83(b) applies usually to a grant of restricted stock, and an LLC doesn't usually have stock, and even if it is treated as a corporation and there is stock, a single-shareholder corporation would not have restricted stock.
I'm open to other opinions though...
S.
Based on my research, that is what I have found as well, but I wanted to ask around to be safe. Thanks very much for your thoughts.
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