LLC vs. Corporation

When deciding to set up a small business many people hear that they should set up a S Corporation or a LLC (Limited Liability Corporation). Picking the right one for you can save you a lot of time and hassle down the road. Here are a few things to consider in making your choice.

S Corporation Considerations

LLC Considerations

Both vehicles see you taxed on the income generated by the company as if you had earned it personally.
If you want to leave funds in the corporation a C Corporation may be recommended.
By Jeffrey Glen

Copyrighted 2020. Content published with author's permission.

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