Tax choice of entity is a key procedure in any LLC formation, and with the enactment of IRC section 199A, all existing LLCs should revisit tax choice of entity. The new post by Lou Vlahos of FarrellFritz under the link below contains a short but excellent post about tax choice of entity and S corporations.
Here’s the link: https://www.taxlawforchb.com/2019/05/determining-the-value-of-an-s-corp