# Multiple businesses under S election **URL:** \ **Category:** Legal Questions\ **Created:** [February 1, 2024, 6:13pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/multiple-businesses-under-s-election/408 "2024-02-01T18:13:18Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![josephvaldez028](https://avatars.discourse-cdn.com/v4/letter/j/ea666f/32.png) [@josephvaldez028](https://discussion.mainstreetbusinesspodcast.com/u/josephvaldez028)\ **Post date:** [February 1, 2024, 6:13pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/multiple-businesses-under-s-election/408/1 "2024-02-01T18:13:18Z")
Mark and Mat, Love the show. I am trying to understand these concepts So as a hypothetical lets say you currently have an LLC and are looking to change to S corp status. First question I have is: 1. In order to make s election does the entity have to have been set up all year? Can you set up LLC in February and later that year make s election retroactively for start of year? 2nd question: Also lets say you have an LLC already taxed as an S Corp, profits are good and you want to open second business ultimately having both your businesses own by an S corp holding company. You want to keep the name of the first business as is. What are the mechanics to accomplish this? Do you revoke the s election on original LLC and set up new s corp to own it? Do you keep first LLC as now the s corp holding company and just change the name of the LLC? Thank you! ---
**Author:** ![system](https://us1.discourse-cdn.com/flex046/uploads/msbpod_openforum/original/1X/42f4af5f452c22dd6feece9c5b47d6a5185fa706.png) [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\ **Post date:** [February 7, 2024, 6:19pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/multiple-businesses-under-s-election/408/2 "2024-02-07T18:19:20Z")
Answered on Today’s show (recorded Feb 7 - should be out in a couple days). Thank you so much for the question. Mark and Mat.